An Ordinary Merger Increases the Number of Voting Shares of the Surviving

question 58

Multiple Choice

An ordinary merger increases the number of voting shares of the surviving corporation by 23 percent. Which of the following is required in this context?

• A) a unanimous vote by the incumbent directors
• B) a majority vote of the board of directors
• C) a majority vote of the shareholders
• D) an affirmative vote by at least 30 percent of the shareholders

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Definitions:

Role Conflict

A situation in which an individual faces competing expectations from different roles they play in their life.

Fast-paced Company

A business or organization characterized by rapid activities, processes, or growth that demands quick responses and adaptability from its employees.

Self-concept

An individual's perception of self, encompassing beliefs, feelings, and thoughts about one's abilities, appearance, and values.

Nonverbal Behavior

Communication through body movements, facial expressions, gestures, posture, and other physical means, rather than through verbal language.