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.

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Definitions:

Slope

A measure of the steepness of a line, often representing the rate of change in a linear relationship.

Linear Regression Equation

An equation used in statistics to model the relationship between a dependent variable and one or more independent variables.

Slope

The rate at which the dependent variable changes with respect to an independent variable in a function or a graph.

Intercept

The point where a line or curve crosses an axis on a graph, often referring specifically to where it crosses the Y-axis.