A Merger Occurs When

question 265

Multiple Choice

A merger occurs when:

• A) two or more firms agree to charge standard prices for their goods
• B) sales and manufacturing departments are combined
• C) common stock is converted to preferred stock
• D) sole proprietors decide to incorporate
• E) none of the other choices

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Definitions:

Manhattan Island

An island at the mouth of the Hudson River in New York City; historically significant as the founding location of New York.

Permanent Settlement

A term often associated with the agreement made by the British with landlords in colonial India, fixing revenues to be raised from land, making the landlords intermediaries between the farmers and the colonial government.

Bahamas

An archipelago situated in the Atlantic Ocean, known for its picturesque beaches, clear waters, and vibrant culture; a sovereign country.