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For the timer program shown, output D is switched ON when:
Business Combination
A transaction or event in which an acquirer gains control over one or more businesses.
Subsidiary Dissolved
The process of legally dissolving a subsidiary company, involving the winding up of its operations and distribution of its assets.
Subsidiary Incorporation
The process of legally establishing a subsidiary corporation, which then becomes an entity separate from the parent company.
Statutory Merger
A merger in accordance with specific laws where one company survives and the absorbed company ceases to exist.
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