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Entrepreneurship · 2023 · 1 mark
CBSE 2023 · Central · Set 4 · Q12
Assertion (A): Backflip acquisition is a rare case of acquisition in which the purchasing company becomes a subsidiary of the purchased company.…
Assertion (A) : Backflip acquisition is a rare case of acquisition in which the purchasing company becomes a subsidiary of the purchased company.
Reason (R) : Both the companies approve of the acquisition but the entire process is done by force.
Evaluate the statements given above and choose the most appropriate option from the following :
Official answer
(C)
Assertion (A) is true, but Reason (R) is false.
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CBSE Class 12 Entrepreneurship past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.