If Two Steel Firms Decide to Merge, This Merger Would

question 47

Multiple Choice

If two steel firms decide to merge, this merger would be classified as:

• A) a horizontal merger.
• B) a vertical merger.
• C) a conglomerate merger.
• D) either a vertical or conglomerate merger depending on the nationality of the companies.
• E) either a vertical or conglomerate merger depending on the market shares of the two companies.

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Definitions:

Lower Level Departments

Departments within an organization that are responsible for executing the operational activities rather than setting strategic goals or making high-level decisions.

Accountability

The obligation of an individual, organization, or entity to account for its activities, accept responsibility for them, and disclose the results in a transparent manner.

Credit or Blame

The act of attributing success or failure to someone or something, often affecting perceptions of responsibility and accountability.

Top Management

Top management consists of the highest-level executives and decision-makers in an organization responsible for determining its strategy, direction, and policies.