An acquisition occurs when _____.
A) one company purchases the property and assumes the obligations of another company
B) one corporation owns 8 percent of the stock of another corporation
C) owners of small companies band together to operate their businesses collectively
D) two or more firms combine to form a single company

Question

Quizplus · Accepted Answer

An acquisition occurs when one company purchases the property and assumes the obligations of another company. This can be done through a merger or through buying a controlling share of the company's stock. Option B refers to a stockholding relationship, while option C describes a cooperative, and option D describes a merger, which may or may not involve an acquisition.

An Acquisition Occurs When _____