Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing

Search...

Organizing in Management: Definition and Functions

12 Questions

3 Views

Organizing in Management: Definition and Functions

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the primary reason for businesses to combine?

To diversify products

To reduce expenses

To eliminate competition

To gain a competitive advantage (correct)

According to PFRS 3, what is the definition of a business combination?

Any set of conditions in which organizations are joined through any means

A situation where two or more businesses merge without any control being transferred

A transaction in which an acquirer gains partial control of a business

A transaction in which an acquirer takes over a business (correct)

What is the classification of business combination based on the legal point of view?

Methods of Combination (correct)

Structure of Combination

Accounting Method Used

None of the above

Which type of business combination involves combining companies within the same industry that have been competitors?

Horizontal Integration Signup and view all the answers

Why would a company choose vertical integration as a structure of combination?

To strengthen the supplier-customer relationship Signup and view all the answers

What does an acquirer obtain in a business combination according to PFRS 3?

Complete control of one or more businesses Signup and view all the answers

Which type of business combination involves little to no similarities between the companies involved?

Conglomerate Signup and view all the answers

In a statutory merger, what happens to the acquired company as a separate legal entity?

It ceases to exist Signup and view all the answers

What method of business combination involves forming a new company to acquire all the net assets of two or more companies?

Statutory Consolidation Signup and view all the answers

In stock acquisition, what happens to the acquired company as a separate legal entity?

It becomes a subsidiary Signup and view all the answers

Which accounting method is used for all business combinations according to PFRS 3 Revised?

Purchase Method Signup and view all the answers

In business combination, what is recognized and measured at fair value?

Identifiable Assets & Liabilities Signup and view all the answers