Examlex
The authors identify all of the following characteristics of schools as bureaucratic EXCEPT that:
Directors' Power
The authority granted to the board of directors of a company to make decisions on behalf of the company within the scope of their roles.
Tender Offer
A financial term referring to a public bid by a person or company proposing to buy shares from shareholders of a public company at a specified price within a certain time.
Full Market Value
The highest price a willing buyer would pay and a willing seller would accept for an asset in an open and competitive market.
Assumed Liabilities
Obligations that a company takes on when it purchases another company or its assets.
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