Match Each Statement with the Correct Term Below

question 40

Multiple Choice

Match each statement with the correct term below.
-consolidation

• A)Directors are elected by a plurality of votes.
• B)Authorization to vote another's shares at a shareholder meeting.
• C)Permits a domestic business corporation to become a domestic or foreign partnership, LLC, or other entity; permits a domestic of foreign partnership, LLC, or other entity to become a domestic business corporation.
• D)Change of a corporation's state of incorporation.
• E)Entitles each shareholder to give one candidate as many votes as the number of directors to be elected multiplied by the number of shares owned.
• F)Minimum number necessary to be present at a meeting in order to transact business.
• G)Brought by shareholder on behalf of the corporation to enforce a right belonging to the corporation.
• H)Brought by a shareholder to enforce a claim against the corporation based upon his ownership of shares.
• I)Must exercise ordinary care and prudence.
• J)Fiduciary obligation of faithfulness; subordination of self-interest.
• K)Must act within their respective authority.
• L)The combination of assets of two or more corporations into one of the corporations.
• M)The combination of two or more corporations into a new corporation.
• N)Precludes imposing liability on directors and officers for honest mistakes in judgment if they act in good faith with due care.
• O)A general invitation to all the shareholders of a target company to sell their shares at a specified price.

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Definitions:

Services

Intangible products provided to consumers, which can range from financial services, educational services, to technological and personal services.

Products

Goods or services offered by a business to its customers.

Web Site

A collection of related web pages under a single domain name, typically hosted on at least one web server, accessible via the Internet.

Bundling

The practice of selling multiple products or services together as a combined package, often at a discounted price.