Which of the Following Is True Regarding State Approval of Mergers

question 85

Multiple Choice

Which of the following is true regarding state approval of mergers?

• A)After reviewing the plan to see that legal requirements are met,the secretary of state issues a certificate to grant approval.
• B)The secretary of state must approve mergers so long as creditors of the corporate entity at issue do not remain unpaid.
• C)The secretary of state must approve mergers so long as no more than 10% of either company's shareholders object.
• D)The secretary of state must approve mergers so long as corporate entity at issue has sufficient assets.
• E)There is no requirement that the state approve mergers.

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Definitions:

R-chart

A type of control chart used for monitoring the range of variation within a sample.

Sampling Distribution

The probability distribution of a given statistic based on a random sample, used to make inferences about the population.

R-chart

A control chart used for monitoring the variability of a process.

Control Limits

Boundaries in process control, within which a process operates efficiently, used to detect signals or causes of variations that could indicate a problem.