Casca Paints Inc

question 33

Multiple Choice

Casca Paints Inc., a manufacturer of paints and emulsions, owns a user-friendly Web site. The Web site allows customers to upload pictures of their house and select the colors that best match their expectations. Donnel Designs Inc., an interior decoration firm, enters into a partnership with Casca Paints Inc. As a result, customers can now get a complete interior design solution for their houses. This is an example of a _____.

• A)straight rebuy
• B)golden handshake
• C)negative inventory
• D)strategic alliance

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Definitions:

Corporate Records

Documents and ledgers that are required to be maintained by a corporation, detailing its operations, financial status, and legal obligations.

Short-Form Merger

A merger between a subsidiary corporation and a parent corporation that owns at least 90 percent of the outstanding shares of each class of stock issued by the subsidiary corporation.

Acquisition

The act of obtaining control of another company or asset, typically through purchase or merger.

Corporation

A corporation is a legal entity that is separate and distinct from its owners, formed by a group of people or shareholders, and recognized as having rights and responsibilities similar to those of an individual.