An Attempt to Gain Control of a Firm by Soliciting

question 17

Multiple Choice

An attempt to gain control of a firm by soliciting a sufficient number of stockholder votes to replace the current board of directors is called a:

• A)tender offer.
• B)proxy contest.
• C)going-private transaction.
• D)leveraged buyout.
• E)consolidation.

---

Definitions:

Social Security

A government program that provides monetary assistance to people with an inadequate or no income.

Aggregate U.S. Health Care Spending

The total amount of money spent on health care services in the United States over a specified period.

GDP

Gross Domestic Product; the total market value of all goods and services produced within a country in a specific time period.

U.S. Health Care System

A complex organization of doctors, hospitals, insurance companies, and regulatory agencies providing health care services within the United States.