What is the term for using debt (often using the target's own assets as collateral) to finance an acquisition?

a. Proxy contest.

b. Beachhead acquisition.

c. Third-party consent.

d. Leveraged buyout (LBO).

The default rule for shareholder votes is...

a. One shareholder, one vote.

b. One share, one vote.

c. One board seat, one vote.

Poor sanitation practices at an ice cream company' manufacturing facilities result in the deaths of three customers.State and federal regulators repeatedly cited the manufacturing facilities for their poor sanitation practices, but the board was unaware of this history because it did not receive reports on food safety, despite ice cream being the corporation's only product.What is the appropriate standard of liability for the directors?

a. Business judgment rule.

b. Revlon duties.

c. Entire fairness standard.

d. Caremark failure to monitor.

Which fiduciary duty rules are implicated when the sale of the corporation becomes inevitable?

a. Caremark duty to monitor.

b. Entire fairness standard.

c. Revlon duties.

d.Unocal enhanced scrutiny.

Iron Islands LLC has assets of $6 million and liabilities of $2 million.Is the LLC an accredited investor?

Yes, the LLC is an accredited investor.

No, the LLC has insufficient net assets.

No, LLCs cannot be accredited investors.