The Merger Between Proctor & Gamble, Maker of Products Like

question 10

Multiple Choice

The merger between Proctor & Gamble, maker of products like Tide, Crest, and Pampers, and Gillette, the Boston-based maker of razors and batteries, was a:

• A) market extension merger.
• B) conglomerate merger.
• C) horizontal merger.
• D) vertical merger.

Understand how revenues, expenses, and withdrawals affect owner's equity.

Comprehend the impact of transactions involving cash and credit on business accounts.

Understand the definition and examples of business transactions.

Calculate owner's equity, including understanding components like net income, investments, and drawings.

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Definitions:

Health Insurance

An insurance policy that covers the cost of medical and surgical treatments for the policyholder.

Employment-Based Health Insurance

Health insurance coverage that is provided for employees (and often their dependents) as part of the employee's benefits package.

Large Grocery Store

A substantial retail establishment that sells food and other household goods, often part of a chain or franchise.

Private Health Insurance

A program in which each member of a large pool of individuals pays a fixed amount to a private company that agrees to pay most of the medical expenses of the pool’s members.