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

Question

Quizplus · Accepted Answer

An acquisition occurs when one company purchases the property and assumes the obligations of another company. This can be through buying all or a controlling stake of the company's stock. Option A describes a minority interest, option C describes a merger, and option D describes a cooperative or collective business structure.

An Acquisition Occurs When ______