When a Merger of Two Firms Is Achieved by One

question 16

Multiple Choice

When a merger of two firms is achieved by one firm, automatically assuming all the assets and all the liabilities of the other firm, such a merger requires

• A)no shareholder meeting to vote.
• B)the approval of at least 50 percent of the stockholders (or as specified by corporate charters or state laws)of each firm.
• C)that the management of the two firms be tossed out.
• D)that the target firm search for alternative suitors.

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Definitions:

Reproductive Age

The period in an individual's life during which they are biologically capable of reproducing offspring.

Antibiotic Resistance

The capability of bacteria and other microbes to resist the effects of an antibiotic to which they were once sensitive, leading to the persistence and spread of infections.

Antibiotic Treatment

The use of drugs to kill or inhibit the growth of bacteria to treat bacterial infections.

Evolution

The process through which species undergo genetic changes over time, leading to diversity and complexity in the living world.