quiz 5 B - QUIZ FOR CHAPTER 5 B MCQ: 1-.A separation...

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QUIZ FOR CHAPTER 5 B MCQ: 1-.A separation between ownership and management is most likely to occur in a: A) sole proprietorship. B) general partnership. C) corporation. D) limited liability partnership. 2-.In a leveraged buyout, the managers of a firm, its employees, or other investors attempt to: A) move the company elsewhere and start over. B) obtain the assets of the company through bankruptcy proceedings. C) use borrowed funds to buy out the firm's stockholders. D) negotiate a merger with another firm to create a conglomerate. 3-.Which of the following statements about partnerships is the most accurate? A)A partnership is simply a corporation with fewer than 100 owners. B)A major advantage of a partnership is that it offers owners limited liability. C)A major drawback of a partnership is that it is difficult to terminate. D)Partnerships are taxed at the lowest corporate tax rate. 4-.A(n) _________ occurs when one company buys the property and obligations of another company. A)cooperative B)hostile takeover C)leveraged buyout D) acquisition 5-.Mara plans to open a shop specializing in foods and cultural items from the Middle East. She wants to be the firm's only general partner, but she is trying to get several friends to participate as limited partners. Apparently Mara wants to: A) limit her personal liability to the amount she personally invests in the company. B)
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This note was uploaded on 01/29/2012 for the course BUSINESS A bus102 taught by Professor Samia during the Spring '11 term at MSA University.

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quiz 5 B - QUIZ FOR CHAPTER 5 B MCQ: 1-.A separation...

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