Fill in the blanks with appropriate terms
1. Corporate action in which one company buys the assets and obligations of another company and assumes control:
2. The joining of two or more business entities into a single entity.
3. Business entity owned, controlled and operated by a group of users for their own benefit.
4. Form of business in which one party gives another rights to sell its products or services and use its business format in a certain geographic area.
5. Individual who has shared ownership in a partnership but takes no part in managing it and has limited liability.
6. Entity taxed like a sole proprietorship or partnership but maintains benefits of incorporation like limited liability.
7. An unincorporated business with one owner.

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.

Rebel technology maintains its records using cash-basis accounting. during the year, the company received cash from customers, $43,000, and paid cash for salaries, $23,500. at the beginning of the year, customers owe rebel $1,000. by the end of the year, customers owe $6,600. at the beginning of the year, rebel owes salaries of $5,600. at the end of the year, rebel owes salaries of $3,300. determine cash-basis net income and accrual-basis net income for the year.

What criteria does a company have to meet to be considered a monopoly?