When Two Corporations Merge

question 12

Multiple Choice

When two corporations merge:

• A) their separate existences cease, and a new corporation is formed.
• B) one of the corporations absorbs the other.
• C) the liabilities of the two merging corporations are eliminated.
• D) a new charter is needed.

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Definitions:

Coordinating

The process of organizing activities and resources efficiently and effectively to achieve desired objectives, often involving teamwork and communication.

Subordinates

Employees or team members who are lower in rank or position and are overseen by a superior or manager in an organizational hierarchy.

Relational Skill

The ability to work effectively with people, including the ability to motivate, coordinate, and advise other people; an important skill required at all levels of leadership—frontline supervisor, mid-level manager, and senior executive.

Effective Delegation

The skill of assigning responsibility and authority to others while maintaining overall accountability for the outcomes.