A Method Developed in the Mid-1990s as an Efficient Means

question 89

Multiple Choice

A method developed in the mid-1990s as an efficient means to quickly consolidate a fragmented industry can be referred to as a(n)

• A)strategic plan.
• B)strategic rollup.
• C)cost strategy.
• D)differentiation strategy.
• E)focus strategy.

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Definitions:

Widespread Misstatements

False or misleading statements that are not isolated incidents but occur on a broad scale.

Family Resemblance Test

A legal test applied to determine whether a new financial instrument should be classified as a security under U.S. law.

Reves v. Ernst & Young

A significant court case that established a test for determining whether a transaction qualifies as a security under the securities laws.

Promissory Notes

Written promises to pay a specified sum of money to a certain entity or person at a specified time or on demand.