What Type of Transaction Employs Special Committees Made Up of Disinterested

question 9

Multiple Choice

What type of transaction employs special committees made up of disinterested board members who review the transaction to determine if it is entirely fair to the corporation?

• A)Hostile takeover
• B)Self-dealing
• C)Rational business purpose
• D)Corporate opportunity

---

Definitions:

Major Tasks

The primary duties and responsibilities that need to be performed in order to accomplish a role's objectives or a project's goals.

Collective Bargaining

The process of negotiating, administering, and interpreting a labour contract.

Acculturation

The process of adopting the cultural traits or social patterns of another group, often as a result of prolonged contact.

Mediation

A form of conflict resolution where a neutral third party assists the disputing parties in reaching a consensus or settlement.