Thursday, November 7, 2019

Biltwell Hotels is acquiring all of the assets of Green Roof Inns. As a result, Green Roof Inns:


Biltwell Hotels is acquiring all of the assets of Green Roof Inns. As a result, Green Roof Inns: 
 
A. 
will become a fully owned subsidiary of Biltwell Hotels.

B. 
will remain as a shell corporation unless the shareholders opt to dissolve it.

C. 
will be fully merged into Biltwell Hotels and will no longer exist as a separate entity.

D. 
and Biltwell Hotels will both cease to exist and a new firm will be formed.

E. 
will automatically be dissolved.
Refer to section 26.1


23.
An auto maker recently acquired a windshield manufacturer. Which type of an acquisition was this? 
 
A. 
horizontal

B. 
longitudinal

C. 
conglomerate

D. 
vertical

E. 
indirect
Refer to section 26.1

24.
If General Electric, a highly diversified company, were to acquire Ocean Freight Limited, the acquisition would be classified as a _____ acquisition. 
 
A. 
horizontal

B. 
longitudinal

C. 
conglomerate

D. 
vertical

E. 
integrated
Refer to section 26.1


25.
If Paul's Hardware were to acquire Suburban Hardware, the acquisition would be classified as a _____ acquisition. 
 
A. 
horizontal

B. 
longitudinal

C. 
conglomerate

D. 
vertical

E. 
integrated
Refer to section 26.1


26.
Which of the following is a form of a takeover?

I. tender offer
II. merger
III. proxy contest
IV. going private transaction 
 
A. 
I and II only

B. 
III and IV only

C. 
II, III, and IV only

D. 
I, II, and III only

E. 
I, II, III, and IV

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