10. Scranton Ski Trips Inc. and Talia's Ski Tours, Inc. decide to consolidate. This corporate combination does not require the approval of

a. Scranton Ski and Talia directors.

b. Scranton and Talia officers.

c. Scranton shareholders.

d. Talia shareholders.

11. Break Wake Duned is a public company whose shares are traded in the public securities markets. With respect to financial and other significant information concerning its securities, the Securities Act of 1933

a. imposes increased responsibility on chief corporate executives.

b. prevents insiders from trading among themselves.

c. requires disclosure.

d. creates a "safe harbor" for companies to make forward-looking statements.