To finance their acquisitions during the 1980s and 1990s,some companies:
A) sought out new capital specifically from overseas sources.
B) elected to trim their payrolls in an effort to cut costs.
C) established 401k plans.
D) significantly increased their level of debt.

Question

Quizplus · Accepted Answer

To finance their acquisitions during the 1980s and 1990s, some companies significantly increased their level of debt. This was known as leveraged buyouts, where firms used borrowed funds to purchase other companies.

To Finance Their Acquisitions During the 1980s and 1990s,some Companies