The Word That Would Best Describe What Took Place in Corporate

question 28

Multiple Choice

The word that would best describe what took place in corporate America during the 1990s would be

• A) incorporation.
• B) competition.
• C) consolidation.
• D) monopoly.
• E) innovation.

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Definitions:

Derivative Action

An action taken by a shareholder in a corporation's name to enforce the corporation's rights when the corporation fails to do so itself.

Directors' Duty

The responsibility of the board of directors to act in the best interests of the company, including duties of care, loyalty, and obedience to the law.

Audit Exemption

A situation wherein a business is relieved from the requirement of having its financial statements audited.

Qualified Examiners

Professionals who meet specific criteria to conduct assessments or evaluations in their field of expertise.