The Purchase of Additional Resources by a Business Enterprise Is

question 55

Multiple Choice

The purchase of additional resources by a business enterprise is known as a(n) :

• A) statutory merger
• B) subsidiary merger
• C) acquisition
• D) consolidation
• E) takeover

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Definitions:

Court

A governmental institution with the authority to adjudicate legal disputes, applying and interpreting law in civil, criminal, and administrative matters.

Credit Risk

The risk of loss arising from a borrower's inability to repay a loan or meet contractual obligations.

Payment Default

The failure to meet the legal obligations of a loan, such as not making the agreed-upon monthly payments.

Loan Principal

The initial size of the loan or the amount of money borrowed that is still owed, not including interest.