Which One of These Statements Is True

question 43

Multiple Choice

Which one of these statements is true?

• A)One disadvantage of a merger is that it requires the approval of both the target and bidder firm's shareholders.
• B)Normally,the target firm's management is very cooperative during the merger process.
• C)A consolidation is a complete absorption of a target firm by a bidder firm,which retains its name and identity.
• D)An entirely new firm is created when any type of merger or consolidation occurs.
• E)Mergers are legally complex and expensive.

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Definitions:

Transfer by Deed

The act of conveying real estate ownership through a legal document known as a deed.

Deed

A legal document that represents the ownership of real property or real estate and is used to transfer title from one party to another.

Real Property

Land and any permanent structures on it, including the air above and the ground below, along with certain rights like usage and leasing.

Conveys

To transfer or deliver something, such as property or information, from one person or entity to another.