The Board of Directors of Each Corporation Involved Must Approve

question 2

True/False

The board of directors of each corporation involved must approve a merger.

---

Definitions:

Variable Cost

Expenses that fluctuate with the level of output, including costs like materials and labor directly involved in the production.

Kilowatt/Hour

A unit of energy equivalent to one kilowatt of power expended for one hour.

Production Workers

Employees directly involved in the manufacturing process, responsible for converting raw materials into finished goods.

Merchandising Company

A business that purchases goods wholesale and resells them at retail, making a profit on the markup.