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A _____ merger is the combination of firms in the same industry

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  1. A _____ merger is the combination of firms in the same industry
  2. Stockholders are _____ of a corporation. They have the right to vote on issues affecting the operation of the business.
  3. A(n) _____ occurs when two companies agree to combine operations to form a new company.
  4. A key advantage of a corporation is that
  5. In an acquisition, the firm being purchased is the _____ and the firm which is purchasing the other firm is the _____.
  6. The most effective way to form a general partnership is
  7. What are the three types of partnerships?
  8. A _____ maintains limited liability but offers more flexibility in terms of tax treatment than other forms of business ownership.
  9. A _____ is a legal entity created by permission of a state or federal government.
  10. The majority of businesses today are formed as

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