When Maple Leaf Gardens, Which Already Owned the Toronto Maple

question 94

Multiple Choice

When Maple Leaf Gardens, which already owned the Toronto Maple Leafs, also acquired the Toronto Raptors basketball team, this was an example of

• A) concentration.
• B) related diversification.
• C) conglomerate diversification.
• D) product development.
• E) horizontal integration.

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Definitions:

Stock

Stock represents shares in the ownership of a company, entitling holders to a portion of the company's profits and assets.

Partnerships

A form of business agreement where multiple individuals jointly manage the operation and its profits.

Pooling

The act of combining resources or assets for a common purpose, often to increase efficiency or achieve a shared goal.

C Corporations

A type of corporation in the United States taxed separately from its owners, offering limited liability protection to its shareholders.