Question

Please check my work! Thanks!

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
_______ buyout.

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

My Answer is A.

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

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

My answer is A.

Answer 1

1. I disagree.
http://www.investopedia.com/terms/l/leveragedbuyout.asp#axzz1mC0rGR9Y

2. I disagree.
http://www.nolo.com/legal-encyclopedia/how-llcs-are-taxed-29675.html

Answer 2

After going back and rereading and reading the links you sent me, I think 1. is D and 2. is B.

Answer 3

1. is D
2. is B