A Modification of the Corporate Charter That Requires 80 Percent

question 38

Multiple Choice

A modification of the corporate charter that requires 80 percent shareholder approval for a takeover is called a(n)

• A)repurchase standstill provision.
• B)exclusionary self-tender.
• C)supermajority amendment.
• D)tender offer.

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Definitions:

Market Supply Curve

A graphical representation showing the relationship between the price of a good and the total output of the good all producers are willing to supply.

Remaining Firms

Businesses that continue to operate in a market after others have exited, often due to competitive advantages or niches.

Invisible Hand

A metaphor introduced by Adam Smith to describe how individual self-interest in a free-market economy leads to economic well-being and efficiency as if by an invisible hand guiding them.

Private Interests

Interests or goals that are pursued by individuals or entities for their personal or organizational benefit, rather than for the public good.