When One Firm Merges with Another, The

question 59

Multiple Choice

When one firm merges with another, the:

• A)Boards of directors will merge also
• B)Merger must be approved by 75% of the shareholders of the target firm
• C)Merger must be approved by at least 50% of the shareholders of the target firm
• D)Target firm will cease to exist

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Definitions:

American Federation Of Labor

A national federation of labor unions in the United States, founded in 1886, known for advocating for better working conditions, wages, and hours for workers.

Skilled Workers

Individuals who have acquired through training or experience the technical skills necessary for performing specific, complex job tasks.

National Labor Relations Act

A 1935 U.S. law that protects the rights of employees and employers, encourages collective bargaining, and curtails certain private sector labor and management practices.

Enforcement Arm

Refers to the means or mechanism by which laws, regulations, or policies are implemented and ensured compliance with, often involving legal or coercive action.