MGTA01H3 Chapter Notes - Chapter 4: Horizontal Integration, Takeover, Sole Proprietorship
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MGTA01H3 Full Course Notes
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Document Summary
Acquisition one firm buys another firm and absorbs it into its operations. Board of directors a group of individuals elected by a board"s shareholders and charged with overseeing and taking legal responsibility for, the corporations actions. Chief executive officer (ceo) the person responsible for the firm"s overall performance. Conglomerate merger a merger of two firms in completely unrelated businesses. Corporation a business that is a separate legal entity that is liable for its own debts and whose owners" liability is limited to their investment. Divestiture occurs when a company sells art of its existing business operations to another company. Friendly takeover an acquisition in which the management of an acquired company welcomes the firm"s buyout by another company. General partner partners who are actively involved in managing the firm and have unlimited liability. General partnership a type of partnership in which all partners are jointly liable for the obligations of the business.
