When a Merger of Two Firms Is Achieved by One

question 20

Multiple Choice

When a merger of two firms is achieved by one firm automatically assuming all the assets and all the liabilities of the other firm; such a merger requires:

• A) no shareholder meeting to vote is necessary.
• B) the approval of at least 50% of the stockholders (or as specified by corporate charters or state laws) of each firm.
• C) that the management of the two firms be tossed out.
• D) none of the above.

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Definitions:

Harmful Algal Blooms

Overgrowths of algae in water that can produce dangerous toxins, negatively affecting aquatic life, pets, and people, and harming the environment.

Nitrate

A compound containing nitrogen and oxygen, commonly found in fertilizers, and can lead to environmental concerns such as water pollution and eutrophication when present in high levels.

Phosphate

A salt or ester of phosphoric acid, commonly used in fertilizers, detergents, food additives, and for water treatment.

Degradable Wastes

Wastes that can break down into less harmful components over time through biological processes.