In the context of hostile corporate takeovers, a white knight is a
a. hostile firm that wishes to take over another
b. bank that lends a troubled firm money
c. friendly corporation that acquires the threatened firm
d. government law that prevents the hostile takeover
e. strategy to make the firm less desirable by acquiring debt
C
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Explain what will happen to the equilibrium price and quantity of satellite TV service if the wages of the workers who provide the satellite TV service increase while at the same time the price of cable television service (a substitute for satellite
TV service) also increases.
The short-run aggregate supply curve shows the:
A. direct relationship between the price level and real GDP purchased. B. direct relationship between the price level and real GDP produced. C. inverse relationship between the price level and real GDP purchased. D. inverse relationship between the price level and real GDP produced.
When the isocost line is tangent to the isoquant, then
A) MPL = MPK. B) the firm is producing that level of output at minimum cost. C) the firm has achieved the right economies of scale. D) All of the above.
GNP minus depreciation is
A. retained earnings. B. NNP. C. GDP. D. national income.