A problem with the tender offer mechanism in a takeover is the . The term refers to a situation in which rational behavior by each individual shareholder results in shareholders as a group being worse off
If individual target shareholders (correctly) foresee that the value of their shares will be worth more after the takeover than they will receive in the tender offer, they will choose not to tender their shares.
a. holdover problem
b. free rider problem
c. holdout problem
d. non-tender problem
B
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Answer the following statements true (T) or false (F)
A constructive obligation is one that is implied rather than expressly written.
A number of countries have joined together in Europe, Asia, Africa, and Latin America to coordinate their regional economies. Which of the following has NOT been an objective of such cooperation?
a. Creation of "regional" legislatures with actual powers. b. Lowering of tariffs or removing other trade barriers. c. Providing adequate and effective enforcement of intellectual property rights. d. Establishing an economic and monetary union.
Answer the following statement(s) true (T) or false (F)
1. For the production lot size, Q, the average inventory is one-half the maximum inventory, or 1/2Q. 2. In a periodic review model, inventory is checked and reordering is done only at specified points in time, such as on a weekly, biweekly, monthly, or some other periodic basis.
Sheffield Company has $145,000 of inventory at the beginning of the year and $131,000 at the end of the year. Sales revenue is $1,972,800, cost of goods sold is $1,145,400, and net income is $248,400 for the year. The inventory turnover ratio is:
A. 14.3. B. 6.0. C. 1.8. D. 8.3.