A ________ Is When a Rich Individual or Organization Purchases

question 79

Multiple Choice

A ________ is when a rich individual or organization purchases a large fraction of the stock of a poorly performing firm and in doing so gets enough votes to replace the board of directors and the CEO.

• A)shareholder proposal
• B)leveraged buyout
• C)shareholder action
• D)hostile takeover
• E)merger

---

Definitions:

Design Patents

Legal protections granted to inventors for the unique visual qualities of a manufactured item, distinct from utility patents which cover function.

14-Year Monopoly

A fixed period of exclusive rights granted, typically referring to patents or copyright terms.

Injunctive Relief

A court-ordered act or prohibition against a party in a dispute, aimed at preventing irreparable harm or maintaining the status quo until a final decision is made.

Lanham Act

The primary federal trademark statute in the United States that prohibits trademark infringement, trademark dilution, and false advertising.