Which One of the Following Statements Is TRUE

question 27

Multiple Choice

Which one of the following statements is TRUE?

• A) Shareholders benefit when the company is acquired because they usually receive a higher price for their shares
• B) Anti-takeover charter provisions are good for shareholders because they prevent a raider from stealing the company for a below-market price.
• C) Shareholders want to prevent takeovers because they don't want the company purchased out from under them.
• D) A shareholder rights provision encourages takeovers because shareholders have the right to approve the takeover if the terms are good.
• E) A classified board is one in which the board members serve anonymously.

---

Definitions:

Women

Female human beings, making up approximately half of the global population, with diverse roles and contributions in society, culture, economy, and family life.

Resistance

Opposition against an entity or force, often described within contexts of social and political movements.

Quebec Act

A 1774 act of the British Parliament that set procedures of governance in the Province of Quebec and was viewed by the thirteen American colonies as a direct threat to their governance and land claims.

Parliamentary Intent

The purpose or goal that a legislature had in mind when drafting and passing a law, often considered in legal interpretations.