You Are Writing a Term Paper About the Consequences of the Current

question 26

Multiple Choice

You are writing a term paper about the consequences of the current recession. Which of the following would you want to include in your paper?

• A)The recession has caused social inequality to decline.
• B)Our economy has been shifting away from service sector jobs toward lower paying manufacturing jobs.
• C)Some states have increased the federal minimum wage because they believe it is too low.
• D)More people are working non-standardized work schedules, which has a good outcome for families.
• E)Unemployment hovers around 19 percent.

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Definitions:

Consolidation

A contractual and statutory process in which two or more corporations join to become a completely new corporation.

Corporate Combinations

Mergers or acquisitions between companies to consolidate assets, operations, or management.

Merger

A contractual and statutory process in which one corporation (the surviving corporation) acquires all of the assets and liabilities of another corporation.

Appraisal Rights

The rights of shareholders to demand the payment of a fair valuation of their shares in the event of certain corporate actions, like mergers or consolidations, that they find unsatisfactory.