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DSST Business Law II Exam Prep

Category - DSST Business Law II

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If BigCo A and BigCo B join together to become BigCo C, what has occurred?
  1. A liquidation.
  2. A consolidation.
  3. A migration.
  4. An integration.
  5. A merger.
Explanation
Answer: B. If BigCo A and BigCo B join together to become BigCo C, a consolidation has occurred. A consolidation occurs when two companies combine to form a new company. In contrast, a merger occurs when two companies come together and one ceases to exist. An acquisition occurs when one company takes over another company.
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