Exam (elaborations)
Business 101: Intro To Business With Complete Solutions
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Business 101: Intro To Business With Complete Solutions
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Business 101: Intro To Business WithComplete Solutions
Not-for-profit Corporation Answer: Organization whose goals do not include pursuing a profit.
Common stock Answer: Shares that give owners voting rights but only residual claims to firm's
assets and income distribution.
joint venture Answer: partnership between companies formed for a specific undertaking
Conglomerate merger Answer: Agreement the combines unrelated firms, usually with goal of
diversification, spurring sales growth or spending cash surplus to avoid takeover attempts.
Merger Answer: When two or more firms combine to form one company.
Horizontal Merger Answer: The joining of two firms in the same industry, to diversify, increase
customer bases, cutting cost, or expand product.
Vertical Merger Answer: Combines forms at different levels in production and marketing process
Acquisition Answer: When one firm purchases another.
Board of Directors Answer: Governing body of corporation.
Stockholder Answer: Owner of corporation due to purchase in stock.
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