A Steel Maker Acquired a Coal Mining Company

question 14

Multiple Choice

A steel maker acquired a coal mining company.Which of the following terms best describes this deal?

• A) Vertical
• B) Conglomerate
• C) Horizontal
• D) Obtuse
• E) Tender offer

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Definitions:

Intended Beneficiary

An individual or entity explicitly chosen to benefit from a contract, even though they are not a direct party to the agreement.

Incidental Beneficiary

A third party who benefits from a contract between two other parties, even though the benefit was not the contract’s primary purpose or intention.

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