If a Company Owns 90 Percent or More of the Outstanding

question 60

Multiple Choice

If a company owns 90 percent or more of the outstanding shares of each class of a subsidiary company's stock,a merger may be effected with approval of the parent's board of directors alone,without resort to shareholders.This is called a:

• A) parent-sub merger.
• B) board merger.
• C) short-cut merger.
• D) short-form merger.

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Definitions:

Stapes

A small stirrup-shaped bone in the middle ear, transmitting vibrations from the incus to the inner ear.

Babble

The sounds, syllables, and simple words made by infants and young children as they learn to speak, a normal part of language development.

Age

A measure of time that an individual or object has existed from its origin to the present.

Months

Units of time in the Gregorian calendar, approximately 30 to 31 days long, used to measure longer periods of time than days and weeks.