If a Company Owns 90 Percent or More of the Outstanding

question 60

Multiple Choice

If a company owns 90 percent or more of the outstanding shares of each class of a subsidiary company's stock,a merger may be effected with approval of the parent's board of directors alone,without resort to shareholders.This is called a:

• A) parent-sub merger.
• B) board merger.
• C) short-cut merger.
• D) short-form merger.

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Definitions:

Vertical Line

A straight line that runs up and down, perpendicular to a horizontal line, often used in geometry and graphing.

Horizontal Line

A horizontal line is a straight line that runs left-to-right across a page or other surface, perpendicular to a vertical line.

Perceptual Organization

The process by which the brain structures sensory stimuli into meaningful patterns and shapes, enabling us to interpret and navigate our environment.

Melodic Refrain

The part of a song or composition that is repeated, often containing the main theme or most memorable melody.