In a traditional market research process, a _____ may be created to identify brands that are in direct competition with each other within the global market.

Vicarious liability is liability imposed upon one person for the acts of another

a. True b. False Indicate whether the statement is true or false

BMX Corp wants to acquire all the assets of Cycle Racing Corp BMX plans to pay for the assets by issuing its own corporate stock. BMX's board of directors has already approved the merger. In what circumstances would the approval of BMX's shareholders be required for this merger? Is the approval of Cycle Racing's shareholders necessary? Explain