A(n) __________ Occurs When One Firm Buys a Controlling, or 100

question 40

Multiple Choice

A(n) __________ occurs when one firm buys a controlling, or 100 percent interest, in another firm.

• A) merger
• B) acquisition
• C) spin-off
• D) restructuring

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Definitions:

Assigning

The process of transferring rights or duties under a contract to another party.

Subletting

The act of a tenant leasing out the rented property to another party, often subject to the terms of the original lease agreement.

Consent

The voluntary agreement to or approval of what is done or proposed by another; especially important in legal and medical contexts.

Generally Enforceable

Describes a legal agreement or contract that is valid and capable of being executed or acted upon under the law.