Because of poor management, the stock price of Orange Dolphin Inc. falls and many investors sell their shares. Soon Orange Dolphin becomes the target of a hostile takeover, during which Hans buys enough shares to exert control over the firm. In this scenario, Hans performs the role of a(n)
A. corporate raider.
B. outside director.
C. inside director.
D. corporate consultant.
Answer: A
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Which of the following terms best describes the numerical depiction of the relationship between control risk, inherent risk, detection risk, and audit risk?
a. Audit risk model. b. Risk of misstatement model. c. Significance model. d. Materiality equation.
A firm will fail to create a sustained competitive advantage when the
A. resource bundles exhibit heterogeneity and immobility. B. source of its competitive advantage is causally ambiguous. C. source of its competitive advantage is socially complex. D. fit between its internal strengths and the external environment is static.
Under the UCC,
a. risk of loss is placed on the party who has title. b. risk of loss is always placed on the buyer. c. risk of loss is always placed on the seller. d. none of these.
Which of the following is NOT a key input to a CRP system?
a. planned order releases from MRP system b. load information from work center c. job times d. delivery schedule