Which of the Following Is True Regarding State Approval of Mergers

question 16

Multiple Choice

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

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

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Definitions:

M-commerce

Mobile commerce, which encompasses purchasing and selling goods and services through wireless handheld devices like smartphones and tablets.

AIDA Approach

A marketing strategy blueprint that stands for Attention, Interest, Desire, Action; used to guide the process of advertising or selling products and services.

Community Building

The process of fostering and strengthening the relationships and connections among individuals within a group or geographic area to create a sense of belonging.

Bait and Switch Advertising

A deceptive marketing practice where customers are lured by an advertisement for a product at a low price, only to be steered towards a more expensive item.