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

question 54

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

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Definitions:

Professionalization

The process of becoming a professional; acquiring the skills, knowledge, and standards needed for a profession, often involving formal education and training.

Professionalization of Medicine

The process by which the practice and study of medicine have become increasingly structured and formally recognized as a profession, with specific training, ethical, and standards criteria.

Race

Is a social construct used to distinguish people in terms of one or more physical markers, usually with profound effects on their lives.

Ethnicity

A social category that groups people based on common cultural, linguistic, or ancestral traits.