A Merger Between Two or More Companies That Compete in the Same

question 33

Multiple Choice

A merger between two or more companies that compete in the same business and geographical market is known as ________.

• A) horizontal merger
• B) vertical merger
• C) market extension merger
• D) conglomerate merger

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Definitions:

Budgeted Balance Sheet

A projection of a company's financial position at a future point in time, showing expected values for assets, liabilities, and equity.

Accounts Receivable

Money owed to a business by its customers for goods or services that have been delivered but not yet paid for.

Income Tax Expense

The cost incurred by businesses or individuals due to income taxes, representing a financial charge for earnings.

Budgeted Balance Sheet

A projection of a company's financial position at a future date, showing anticipated assets, liabilities, and equity.