What Is the Difference Between the Procedures Governing Mergers and Consolidations

question 13

Multiple Choice

What is the difference between the procedures governing mergers and consolidations?

• A)With consolidation,the plan need not be submitted to the secretary of state.
• B)Unlike consolidation,with merger,the shareholders must approve the plan before it goes to the board of directors.
• C)With consolidation,only the board of directors of both involved corporations must approve the plan;with merger,the shareholders of both involved corporations must also approve the plan.
• D)The procedures governing mergers and consolidations are the same.
• E)Unlike merger,with consolidation,no approval certificate is necessary.

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Definitions:

Preventing Pregnancy

The use of methods or techniques to avoid conception or birth, including contraception, abstinence, and sterilization procedures.

Foam

A substance formed by trapping pockets of gas in a liquid or solid, commonly used for various applications from cleaning to fire suppression.

Patch

A method of delivering medication or hormones through the skin, often used for birth control or to quit smoking.