At a Meeting to Announce a Merger with Another Company

question 9

Multiple Choice

At a meeting to announce a merger with another company, which of the following buzzwords is a business leader MOST likely to use to justify the decision?

• A)accountability
• B)bottom line
• C)streamline
• D)synergy

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Definitions:

Exculpatory Clause

A contract provision that relieves one party from liability for harm caused during the execution of the contract.

Tort Liability

Legal responsibility arising from a civil wrong that causes harm or loss to an individual or property, not based on contracts.

Illegal Agreements

Contracts or arrangements that are prohibited by law and thus are not enforceable by the judicial system.

Noncompetition Clause

A contract provision that prohibits a party from engaging in similar business or trade in competition against another party.