A Short-Form Merger Between a Parent Corporation and Its Subsidiary

question 17

Multiple Choice

A short-form merger between a parent corporation and its subsidiary only requires the approval of ________.

• A) shareholders of the parent corporation
• B) shareholders of the subsidiary corporation
• C) the board of directors of the parent corporation
• D) the board of directors of the subsidiary corporation

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Definitions:

Retail Store Chain

A series of retail outlets owned by the same company, offering the same or similar merchandise.

CEO

Chief Executive Officer, the highest-ranking individual in a company or organization, responsible for making overarching decisions and setting strategic direction.

Controlling Process

The activity of monitoring and regulating organizational actions to ensure they align with established plans.

Measuring Performance

The process of evaluating the efficiency and effectiveness of an action or organization, often through the analysis of data.