Which of the Following Is True Regarding State Approval of Mergers

question 16

Multiple Choice

Which of the following is true regarding state approval of mergers?

• A) There is no requirement that the state approve mergers.
• B) After reviewing the plan to see that legal requirements are met, the secretary of state issues a certificate to grant approval.
• C) The secretary of state must approve mergers so long as corporate entity at issue has sufficient assets.
• D) The secretary of state must approve mergers so long as creditors of the corporate entity at issue do not remain unpaid.
• E) The secretary of state must approve mergers so long as no more than 10% of either company's shareholders object.

---

Definitions:

Civil Defense System

A civil defense system encompasses measures and responses designed to protect civilians and infrastructure from natural disasters, military attacks, or other emergencies.

Public Good

Goods or services available to all in society without charge, delivered by the government or private organizations, without the intention of making a profit.

Rival Consumption

A situation where the consumption of a good by one individual prevents simultaneous consumption by other individuals.

Excludable

A characteristic of a good or service where it's possible to prevent individuals who have not paid for it from having access.