One Method of Expanding a Business Is the Purchase of an Entire

question 20

Multiple Choice

One method of expanding a business is the purchase of an entire company or part of it so that the entity is completely absorbed and no longer exists as a separate company.This is called:

• A) a joint venture.
• B) an acquisition.
• C) a subsidiary.
• D) a takeover.

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Definitions:

Employment Standards Act

Legislation that outlines minimum employment conditions such as wages, work hours, and leave entitlements to protect workers.

Notice

A formal communication or announcement, often legally required, to inform or alert parties about specific information or intentions.

Pay in Lieu of Notice

A payment made to an employee by an employer instead of giving the employee a required notice of termination.

Self-employed Insurance Broker

An individual who operates their own business selling and advising on insurance policies without being directly employed by an insurance company.