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McGines, Inc. Sam McGines, CEO of McGines, Inc., Decided That Upon His

question 30

Multiple Choice

McGines, Inc.
Sam McGines, CEO of McGines, Inc., decided that upon his retirement, he would elect his son Derrick to become the new CEO. Sam thought it would be a good idea to have Derrick shadow him at work to understand the roles and responsibilities of a CEO. Derrick shadowed his father for months in order to learn every aspect of the business. Sam knew that the best way for Derrick to learn was to actually perform some of the tasks he did on a daily basis, rather than simply describe them. The company generally focused on short-term financing, and Sam felt that it was important for Derrick to understand the different types of financing. Derrick learned about the type of bonds that the company usually offered to raise capital. These bonds allow the purchasers of the bond to keep them until maturity. Derrick also learned the process of obtaining bonds and the various types of long-term financing methods. Job shadowing was indeed a worthwhile experience for Derrick.
-Refer to McGines, Inc. If a client asks, Derrick should be able to identify that ____ is the type of stock the owner may exchange for a specified number of shares of common stock.

Understand different types of mergers and acquisitions.

Analyze the financial implications of mergers.

Identify the methods and motivations behind company takeovers.

Recognize the strategies firms use to defend against hostile takeovers.

Definitions:

Amenorrhea

The absence of menstruation - one or more missed menstrual periods.

Dysmenorrhea

Painful menstruation, which may involve cramps in the pelvic area.

Endometriosis

A painful, chronic condition where tissue similar to the lining inside of the uterus grows outside the uterus, leading to pain and infertility.

Menarche

The occurrence of the first menstrual cycle in adolescent females, a key event in female puberty.