Icarus Airway's decision to acquire Midas Fuels Inc. proved to be ill-fated because the Icarus managers overestimated their abilities and skills. They believed that they had the skills to manage such diversified businesses and create additional shareholder value. However, the acquisition failed to create the anticipated synergies because the managers' capabilities were restricted to the airline industry. What does this scenario best illustrate?
A. managerial hubris
B. knowledge race
C. unfettered free market
D. competitive feasibility
Answer: A
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The dollar amount of Cash on the trial balance and on the adjusted trial balance should be identical
Indicate whether the statement is true or false
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