Question 16

Bongseon and Karim would like to form a corporation to provide string music education to children in their area. They want to form this business as a way to give back to the community and plan to have the children perform concerts in rest homes for older people who are unable to travel. Bongseon and Karim will most likely form a(n) ____.

a)limited liability company (LLC)

b)not-for-profit corporation

c)quasi-government organization

d)S corporation

Part 2 A _______ is a partnership formed to operate for a specific time period or to accomplish a specific purpose.

a)joint venture

b)limited partnership

c)general partnership

d)limited-liability family partnership

Part 3 If Citigroup, JPMorgan Chase, KeyCorp, and Deutsche Bank joined together to make an extremely large loan, this association would be referred to as a(n) ____.

a)syndicate

b)partnership

c)merger

d)acquisition

Part 4 If Spotify purchased Pandora, leaving only one company remaining at the conclusion of the purchase, this would be referred to as a(n) ____.

a)syndicate

b)acquisition

c)merger

d)proxy

Part 5 )If Mattel and Hasbro merged, this would be known as a ____.

a)conglomerate merger

b)vertical merger

c)sideways merger

d)horizontal merger