A(n) ________ occurs when one company buys the property and obligations of another company.
A) cooperative
B) hostile takeover
C) leveraged buyout
D) acquisition

Question

Quizplus · Accepted Answer

An acquisition occurs when one company buys the property and obligations of another company. A cooperative is a type of business organization where individuals voluntarily work together towards a common goal. A hostile takeover is an acquisition where the acquiring company acts aggressively towards the target company. A leveraged buyout is a type of acquisition where the buyer uses a significant amount of borrowed money to finance the purchase.

A(n) ________ Occurs When One Company Buys the Property and Obligations