If a Company Owns 90 Percent or More of a Subsidiary's

question 43

Multiple Choice

If a company owns 90 percent or more of a subsidiary's stock, a merger may be effected with approval of the parent's board of directors alone, without resort to shareholders.This is called a:

• A) board merger.
• B) short-cut merger.
• C) short-form merger.
• D) parent-sub merger.

---

Definitions:

Simplify Expression

The process of rewriting an expression in a simpler or more compact form without changing its value.

Square Root

A specific value that, when it is multiplied by itself, reproduces the initial figure.

Subtraction

A mathematical operation that represents the operation of removing objects from a collection.

Pendulum Clock

A clock that keeps time by using a swinging weight, or pendulum, as its timekeeping element.