A) taking the firm private
B) a hostile takeover of the firm
C) converting the firm to a general partnership
D) forming a master limited partnership
Correct Answer
verified
True/False
Correct Answer
verified
True/False
Correct Answer
verified
True/False
Correct Answer
verified
True/False
Correct Answer
verified
Multiple Choice
A) merger.
B) combination.
C) expropriation.
D) acquisition.
Correct Answer
verified
True/False
Correct Answer
verified
True/False
Correct Answer
verified
Multiple Choice
A) possibility of limited liability.
B) heavy tax liability that must be assumed.
C) overwhelming time commitment often required of the owner.
D) lack of incentives to motivate the owner.
Correct Answer
verified
True/False
Correct Answer
verified
Multiple Choice
A) give members more economic power as a group than they would have as individuals.
B) give each farm an equal share in the running of the cooperative.
C) equalize the members' standard of living.
D) allow socialism a foothold in the U.S.
Correct Answer
verified
True/False
Correct Answer
verified
Multiple Choice
A) it's smart to begin the partnership with honest communication of what each partner expects to give and get from the partnership.
B) it's smart to organize the business as a limited liability company to reduce the financial risks that put pressure on members of the partnership.
C) it's smart to designate one of the partners as the primary partner with final authority to call all the shots.
D) it's smart to enter into partnerships with people who have similar educational and cultural backgrounds and similar personalities.
Correct Answer
verified
True/False
Correct Answer
verified
Multiple Choice
A) Congress repealed the limited liability protection of S corporations and limited them to companies with earnings of less than $3 million per year.
B) limited liability companies, which do not have the restrictive eligibility requirements of S corporations and offer greater flexibility in the choice of tax treatment, are now legal in all 50 states.
C) many states significantly increased the annual fee that S corporations must pay to maintain their tax status, thus eliminating the financial advantages of this form of ownership.
D) S corporations have been made illegal in several states as a reaction to widespread abuse of the special benefits available to this type of business.
Correct Answer
verified
True/False
Correct Answer
verified
Multiple Choice
A) the ability to obtain additional financial resources.
B) the protection of limited liability.
C) an unlimited lifespan.
D) the chance to be their own boss.
Correct Answer
verified
True/False
Correct Answer
verified
Multiple Choice
A) sole proprietorship.
B) partnership.
C) corporation.
D) cooperative.
Correct Answer
verified
True/False
Correct Answer
verified
Showing 281 - 300 of 342
Related Exams