Firms That Exchange Data in Specific Standard Formats Are Said

question 67

Multiple Choice

Firms that exchange data in specific standard formats are said to be ____.

• A)standard codes
• B)EDI compatible
• C)common
• D)protocol

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Definitions:

Appraisal Right

A shareholder's right to have their shares appraised and to receive monetary compensation in lieu of unfavorable corporate actions, such as mergers or acquisitions.

Merger

A merger is the combination of two or more companies into a single entity, typically to combine resources and streamline operations for better efficiency and growth.

Short-form Merger

A type of merger that allows a parent company to merge with its subsidiary without the approval of the subsidiary's shareholders.

Dissolution

The process of formally ending or dissolving a company or contractual relationship.