When Sears and Kmart, Two Retail Firms of Relatively Equal

question 94

Multiple Choice

When Sears and Kmart, two retail firms of relatively equal size in the United States, agreed to combine their assets, this was an example of a(n)

• A) joint venture.
• B) acquisition.
• C) merger.
• D) equity agreement.

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Definitions:

Equal

Describes a state of being the same in quantity, size, degree, or value.

Equal

Pertaining to the concept of sameness or equivalence in value, quantity, or meaning.

Set of Data

A collection of related pieces of information considered collectively, often consisting of numerical values or categorical classifications.

Mean

The average of a set of numbers, calculated by adding all the numbers together and then dividing by the count of those numbers.