Although Disney acquired Pixar through a hostile takeover, the merger has proven extremely profitable for both entities.
Answer the following statement true (T) or false (F)
False
A merger describes the joining of two independent companies to form a combined entity. Mergers tend to be friendly; in mergers, the two firms agree to join in order to create a combined entity. An acquisition describes the purchase or takeover of one company by another. Acquisitions can be friendly or unfriendly. Disney's acquisition of Pixar, for example, was a friendly one, in which both management teams believed that joining the two companies was a good idea. When a target firm does not want to be acquired, the acquisition is considered a hostile takeover.
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A transcendent education teaches students to think beyond self-interest and profitability-in fact, to
A. promote one's industry. B. consider sales and revenues over the strategic time frame. C. leave a legacy that extends beyond the bottom line. D. train one's successors. E. contribute to philanthropic causes.
Describe the concept of exchange and list the five conditions that must be satisfied for exchange to occur. If all conditions are met, does that guarantee exchange will occur? Explain why or why not.
What will be an ideal response?
Investing prior to age 54 is a time of ________ by investing the majority of one's savings into ________
A) wealth preservation; conservative funds B) wealth preservation; preferred stocks C) wealth accumulation; common stocks D) wealth accumulation; bonds E) wealth dispersal; common and preferred stocks
Which of the following is a FALSE statement?
A) Revenues provide inward flows of assets. B) Revenue is categorized as an asset. C) Revenue is categorized as part of Retained Earnings. D) Revenues are generated from the sale of goods and services.