A Consolidation

question 50

Multiple Choice

A consolidation:

• A) has precisely the same result as a merger.
• B) is the most typical form of business combination used today.
• C) is always illegal (in contrast to mergers, which are legal under some state laws).
• D) requires the assent of both corporations' board of directors and shareholders.

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Definitions:

Internship

An opportunity usually provided to students or newcomers in a profession to gain practical experience and training in their field of study or interest.

Grunt Work

Tasks that are repetitive, menial, or tiresome, but necessary for the completion of a project or objective.

High Quality Internship

An internship experience that provides meaningful, practical work experience, and learning opportunities in a professional setting.

Organizational Meaning

The shared understanding and significance of a company's purpose, values, and work among its members.