Kaolin Is a Fine White Clay Used in Making Paper,paint,ceramics,and

question 57

Multiple Choice

Kaolin is a fine white clay used in making paper,paint,ceramics,and fiberglass.Two kaolin producers,Imetal SA and English Clay China International Inc. ,each produce about 8 million tons of kaolin a year.In 2008 these two firms were joined together in a(n) :

• A)merger
• B)diversification
• C)acquisition
• D)divestment
• E)spin-off

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Definitions:

Assignment

The transfer of rights or property from one party to another.

Duties

Obligations or tasks that an individual is required or expected to perform.

Rights

Freedoms or entitlements that individuals are guaranteed by law or social agreement.

Voidable

A legal term referring to a transaction or agreement that is valid but may be annulled by one or more of the parties involved.