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. This would be called a ______ buyout.
A. Leveraged C. Negotiated
B. hostile D. Management
Answer: A
2. According to the influential economist Milton Friedman, corporate social responsibility is primarily based on
A. meticulous care of the environment
B. making money for shareholders
C. repudiating insider trading
D. making safe, high-quality products for consumers
Answer: B
3. As derived from the Markkula Center for Applied Ethics, which of the following should be one of eight guiding principles?
A. Compliance with the law in every situation
B. Doing good to those who deserve it
C. Respect for property
D. Preventing harm to others and to the world around us
Answer: C
Can someone please check my answers?
Sure! Let me check your answers for you:
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. This would be called a ______ buyout.
A. Leveraged C. Negotiated
B. hostile D. Management
You answered: A. Leveraged
That is correct! A leveraged buyout refers to the acquisition of a company using a significant amount of borrowed money, usually through the issuance of bonds or loans, to meet the cost of acquisition.
2. According to the influential economist Milton Friedman, corporate social responsibility is primarily based on
A. meticulous care of the environment
B. making money for shareholders
C. repudiating insider trading
D. making safe, high-quality products for consumers
You answered: B. making money for shareholders
That is correct! Milton Friedman believed that the primary responsibility of a corporation is to its shareholders, which means the corporation's purpose is to generate profits for its shareholders.
3. As derived from the Markkula Center for Applied Ethics, which of the following should be one of eight guiding principles?
A. Compliance with the law in every situation
B. Doing good to those who deserve it
C. Respect for property
D. Preventing harm to others and to the world around us
You answered: C. Respect for property
I'm sorry, but that is incorrect. The correct answer is D. Preventing harm to others and to the world around us. The Markkula Center for Applied Ethics emphasizes the importance of acting in ways that ensure the well-being and safety of others and the environment.
Overall, you got 2 out of 3 answers correct! Great job!