A Consolidation

question 126

Multiple Choice

A consolidation:

• A)has precisely the same result as a merger.
• B)is the most typical form of business combination used today.
• C)is always illegal (in contrast to mergers, which are legal under state law).
• D)requires the assent of both corporations' board of directors and shareholders.

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Definitions:

Limitations

Restrictions or constraints that define the boundaries within which a process or activity can occur.

Optimism

A mental attitude characterized by hope and confidence in success and positive outcomes.

Satisficing

A decision-making strategy that aims for a satisfactory or adequate solution rather than the optimal one.

Work Schedule

The planned hours and days that an employee is expected to work within a given period.