Britton Corporation and Sheridan Corporation combine to become a new corporation know as Brisher Corp. This process is known as ________.
A) a merger
B) a consolidation
C) a combination
D) an alteration
E) a reorganization

Question

Quizplus · Accepted Answer

When two or more corporations combine to form a new corporation, the process is known as consolidation. In this scenario, Britton Corporation and Sheridan Corporation are combining to form Brisher Corp, which is a classic example of consolidation.

Britton Corporation and Sheridan Corporation Combine to Become a New