Identify Which of the Following Statements Is True

question 22

Multiple Choice

Identify which of the following statements is true.

• A)Both a Type B reorganization or a reverse triangular merger will not allow the target corporation to remain in existence.
• B)Andrews Corporation gives 10% of its stock worth $200,000 and Andrews notes worth $10,000 in exchange for 80% of Baxter Corporation's stock. The exchange qualifies as a Type B reorganization.
• C)In a Type B reorganization, with minor exceptions, only voting stock can be used by the acquiring corporation to acquire the target corporation's stock.
• D)All of the above are false.

Recognize legal implications of professional actions or omissions in healthcare practices.

Understand the ethical principles and legal requirements for maintaining patient confidentiality and privacy.

Grasp alternative dispute resolution mechanisms, such as arbitration, in the context of healthcare.

Identify the nature of civil wrongs in healthcare, including torts, and their legal ramifications.

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Definitions:

Profit Center

A profit center is a segment or division within a company that is responsible for generating its own revenue and profit, evaluated separately for assessing its performance.

Decentralized

A structure in a business or organization where decision-making authority is distributed among various levels or locations rather than concentrated at the top.

Manageable Units

Components or segments within an organization that can be independently planned for, measured, and controlled.

Cost Center

A department or unit within an organization that does not directly add to profit but incurs costs, such as the HR department or IT support.