Seizing of Control of a Business by Purchasing Its Stock

question 9

Multiple Choice

Seizing of control of a business by purchasing its stock to be able to select the board of directors refers to a(n) :

• A) buy-in.
• B) takeover.
• C) merger.
• D) earn-out.

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Definitions:

Normal Audit

A regular examination and evaluation of an entity's financial statements and records to ensure accuracy and compliance with accounting standards and regulations.

Professional Responsibilities

Duties and obligations associated with a profession, often guided by codes of conduct to ensure ethical and competent practice.

Breach of Contract

Occurs when one party fails to fulfill their obligations as outlined in a contract, justifying legal action by the non-breaching party.

Damages

Compensation claimed by or ordered to be paid to a person for loss or injury.