Which one of the following is a characteristic of an acquisition by stock? Multiple Choice Shareholders must vote and approve an acquisition. The target firm's management can be bypassed by the use of a tender offer. Complete absorption of one firm occurs in an acquisition. Minority shareholders are ignored in the acquisition process. The acquisition cost is normally lower than that of a merger.

If a firm wishes to keep a lease off of its balance sheet, it needs to use a(n): Multiple Choice Tax-oriented lease. Leveraged lease. Operating lease. Sale and leaseback arrangement. Financial lease.