Using the traditional definition, if Susan's company is entering into an agreement with GTS whereby GTS and Susan's company combine and each ceases to exist, but instead emerge as a new company, the two companies have gone through:

1. a merger.
2. a consolidation.
3. a share exchange.
4. purchase of assets.

The correct answer is:

 

2.  Using the traditional definition, if Susan's company is entering into an agreement with GTS whereby GTS and Susan's company combine Susan's company becomes part of GTS, the two companies have gone through:

1. a merger.
2. a consolidation.
3. a share exchange.
4. purchase of assets.

The correct answer is:

 

3.  If GTS and Susan's company enter into a merger, which of the following is true?

1. GTS's articles of incorporation are deemed amended to include any changes that are stated in the articles of merger.
2. Susan's company's articles of incorporation are deemed amended to include any changes that are stated in the articles of merger.
3. GTS's articles of incorporation are deemed amended to include Susan's company's articles of incorporation.
4. Susan's company's articles of incorporation are deemed amended to include GTS's articles of incorporation.

The correct answer is:

 

4.  Susan is near the top in her company. Which defensive move in the merger will give Susan special termination or retirement benefits that must be paid to top managers if they are forced to retire as a result of the merger?

1. The Pac-Man defense.
2. The crown jewel defense.
3. The greenmail defense.
4. A golden parachute.

The correct answer is:

 

5.  If Susan's company tries to take over GTS instead of letting GTS take over her company, her company is using which takeover defense?

1. The Pac-Man defense.
2. The crown jewel defense.
3. The greenmail defense.
4. A golden parachute.

The correct answer is: