Why Are Crown Corporations Created

question 14

Multiple Choice

Why are Crown corporations created?

• A)for a public policy purpose
• B)as a regulatory agency
• C)with the intention of maximizing their profits
• D)with the hope of becoming privatized as quickly as possible

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Definitions:

Surviving Corporation

The remaining, or continuing, corporation following a merger.

Assets and Liabilities

Elements of a financial statement; assets represent resources owned, while liabilities represent obligations owed.

Disappearing Corporation

A scenario where a corporation intentionally vanishes or dissolves, often to evade legal responsibilities or liabilities.

Appraisal Rights

Legal rights that allow shareholders to have their shares appraised and obtain payment of the fair value in certain transactions, such as mergers or consolidations.