Please check my work.

1.The employees of Abs “R” Us, which includes 12 fitness parlors in and around the metro area, feel they can improve the performance of the company. They decide to pool their resources to purchase the company. This would be called a blank buyout.

A.Leveraged
B.Hostile
C.Negotiated
D.Management

My answer is A.

2.According to your text, our main sources of ethical standards
are religion an

A.Philosophy
B.Social Habit
C.Culture
D.Circumstances

My answer is A.

3. It looks a lot like a corporation and can sell stock, but it’s taxed like a partnership. This would be a/a

A.S-Corporation
B.Mastered Limited Partnership
C.Uniform Liability Partnership
D.Limited Partnership

My Answer is A.

1 ANSWER = D

2 ANSWER = C
3 ANSWER = D

3. B

2. C
1. D

1. The employees of Abs "R" Us are pooling their resources to purchase the company. In order to determine the correct term for this type of buyout, we need to understand the different options.

Leveraged buyout (option A) is when a company is acquired using a significant amount of borrowed money. This can involve using the assets of the acquired company as collateral for the loan.

Hostile buyout (option B) is when the acquisition is made against the wishes of the target company's management or board of directors.

Negotiated buyout (option C) is when the acquisition is made through mutual agreement and negotiation between the buyers and the target company.

Management buyout (option D) is when the current management team of a company purchases the company they are working for.

Based on the given scenario, it seems that the employees are working together to purchase the company. This suggests that a negotiated buyout (option C) would be the most appropriate term for this situation. Therefore, the correct answer is C.

2. According to the text, the main sources of ethical standards are mentioned as religion, philosophy, social habit, culture, and circumstances. We need to choose the correct option as per the information given.

Option A (Philosophy) is a valid source of ethical standards, as ethical principles and theories can be derived from philosophical inquiry.

Option B (Social Habit) seems incomplete in the given sentence, as it is cut off. Without the complete information, we cannot determine if social habit is a valid source of ethical standards in this context.

Option C (Culture) is another valid source of ethical standards, as cultural norms and values often shape ethical behavior.

Option D (Circumstances) can influence ethical decision-making, but it is not typically considered a primary source of ethical standards.

Based on the information provided, both options A (Philosophy) and C (Culture) could potentially be correct. However, since the sentence is cut off and does not provide clear guidance on which specific sources of ethical standards are being referred to, we cannot determine the correct answer. It would be best to refer back to the text or seek further clarification to ensure accuracy.

3. The given scenario describes an entity that looks like a corporation and can sell stock, but is taxed like a partnership. To determine the correct term, we need to understand the different options.

Option A (S-Corporation) is a type of corporation that provides limited liability to its shareholders, but is taxed like a partnership, where income is passed through to individual shareholders.

Option B (Mastered Limited Partnership) is not a recognized term and is likely a typographical error.

Option C (Uniform Liability Partnership) is a form of partnership where all partners have limited liability and share management responsibilities equally.

Option D (Limited Partnership) is a partnership where there are two types of partners: general partners who have unlimited liability and manage the business, and limited partners who have limited liability but do not actively manage the business.

Based on the given description, an entity that looks like a corporation and can sell stock but is taxed like a partnership aligns with option A (S-Corporation). Therefore, the correct answer is A.

Please note that I have reviewed your work and provided explanations for each question. However, it is always recommended to double-check your answers and consult your study materials or instructor for confirmation.