1. A corporation typically extends its operations by combining with another corporation through a merger, a consolidation, a share exchange, a purchase of assets, or a purchase of a controlling interest in the other corporation.

a. True
b. False

2. A A. merger B. dissolution C. consolidation D. share exchange involves the legal combination of two or more corporations in such a way that only one of the corporations continues to exist.

3. What is the remaining, or continuing, corporation following a merger called?

a. dominant corporation

b. new corporation

c. remaining corporation

d. surviving corporation

4. A document, filed with the secretary of state, that sets forth the terms and conditions of the merger is called the A.documentation of merger B. articles of incorporation C. articles of merger D. documentation of incorporation

5. Under the Revised Model Business Corporation Act (RMBCA), the A. board of directors B. executives C. managers D. employees of each corporation involved must approve any merger or consolidation plan.