Which of the Following Accurately Completes the Following Statement: a Tender

question 73

Multiple Choice

Which of the following accurately completes the following statement: A tender offer:

• A) Requires approval of the target firm board of directors.
• B) Or acquisition by stock is always unfriendly.
• C) Requires the bidder obtain at least a 2/3 majority vote of the target firm shareholders in order to complete the acquisition.
• D) Is followed up by a merger in many acquisitions.
• E) May result in some target firm shareholders holding out, causing the benefits of the acquisition to increase since the bidder doesn't have to pay for their stock.

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Definitions:

Direct Labor-Hours

A measure of the amount of time workers spend on a specific task or production of a certain quantity of goods.

Manufacturing Overhead

All indirect costs associated with the production process, including utilities, rent for the production facility, and salaries of production supervisors.

Raw Materials

The basic substances from which products are made, typically used in the initial stages of the manufacturing process.

Work in Process

Inventory representing partially completed goods, which are still undergoing manufacturing processes.