Examlex
______ is the act of duplicating the operation of a real-world process or system over time using physical objects to replace the actual objects.
Legal Entity
An organization or business that is recognized by law as having a distinct legal existence, separate from its owners.
Consolidation
The process of combining financial statements from several departments or subsidiaries into a unified set.
Merger
The combination of two or more companies into a single entity, where one survives and the others cease to exist as separate entities.
Synergy
A situation in which two companies operating together under one ownership perform better than the sum of their separate performances. A popular reason claimed for mergers.
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