The combining of First Union National Bank and The National Bank of Memphis is an example of
A) a vertical merger.
B) a horizontal merger.
C) a downstream formation.
D) a conglomerate merger.
Answer: B
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The CPI stands for
A) Citizens Paying Index. B) Corporate Pricing Index. C) Consumer Paying Index. D) Consumer Price Index. E) Corporate/Consumer Payment Index.
An artificially scarce good is:
A. rival in consumption and excludable. B. not rival in consumption, but excludable. C. rival in consumption, but not excludable. D. not rival in consumption and not excludable.
The opportunity cost of your college education is:
a. c and d. b. d and e. c. the actual dollar cost of your college education. d. your best alternative use of the money you spend for a college education. e. money you could have earned working instead of going to college.
Many economists argue that there is imperfect information in the market and that this is a failure of the market mechanism
a. True b. False Indicate whether the statement is true or false