Which one of the following statements is TRUE?
A. A shareholder rights provision discourages takeovers because the acquiring company will suffer dilution.
B. A company has an interlocking board of directors if the CEO also serves as the chairman of the board of directors.
C. A company whose board members are elected in staggered terms is said to have an interlocking board of directors.
D. Shareholders want to prevent takeovers because they don't want the company purchased out from under them.
E. A classified board is one in which the board members serve anonymously.
Answer: A
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With the addition of a dial tone to digital cable, one can use the coaxial cable found in cable TV systems as a telephone line
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On January 1, 2016, Dermot Company purchased 15% of the voting common stock of Horne Corp. On January 1, 2018, Dermot purchased 28% of Horne's voting common stock. If Dermot achieves significant influence with this new investment, how must Dermot account for the change to the equity method?
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Answer the following statement(s) true (T) or false (F)
Existing securities are traded on the primary market.