If a Company Owns a Statutorily Specified Percentage of a Subsidiary's

question 30

Multiple Choice

If a company owns a statutorily specified percentage of a subsidiary's stock, a merger may be effected with approval of the parent's board of directors alone, without resort to shareholders.This is called a:

• A)parent-sub merger.
• B)board merger.
• C)short-cut merger.
• D)short-form merger.

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Definitions:

Slope

In mathematics, a measurement of the steepness, incline, or grade of a line, typically expressed as a ratio of vertical change to horizontal change.

Value

The importance or utility that something has for an individual or the market price of a good or service.

Horizontal Axis

In graphing, this is the x-axis, which typically represents the independent variable.

Vertical Axis

In a graph or chart, the vertical line or scale along which numerical data is plotted or measured, usually representing quantities.