In an Ordinary Merger,what Approvals Are Needed

question 107

Multiple Choice

In an ordinary merger,what approvals are needed?

• A) recommendation by both boards of directors and votes of the shareholders of both corporations
• B) votes by both boards of directors, but the corporations' shareholders need not approve
• C) vote by the board of directors of the surviving corporation, and for the corporation that does not survive, recommendation by the board of directors and an approval vote by the shareholders
• D) for both corporations, a vote by the shareholders, but no action by the boards of directors is necessary
• E) no approvals are needed by the surviving corporation, and for the corporation that does not survive, recommendation by the board of directors and an approval vote by the shareholders

---

Definitions:

Cumulative Social Effects

The accumulating impact of societal actions and behaviors over time, affecting future social structures, norms, and individual behaviors.

Friedman and Hechter

Scholars known for their contributions to sociological theory, particularly in the areas of rational choice theory and the analysis of social norms and structures.

Social Institutions

Organized patterns of beliefs and behavior centered on basic social needs, such as the family, education, government, and religion.

Norms

Socially accepted rules of behavior that dictate the expected conduct of individuals within a group or society.