Quiz 12

QUESTION 1 1. A(n) ____ is the transfer of the control of operations and management from one firm to another with the former becoming a unit of the latter. a . joint venture b . merger c . contractual alliance d . acquisition 1 points QUESTION 2 1. Pre-acquisition analysis often focuses on strategic fit, which is the effective matching of ____ strategic capabilities. a . competitive b . complementary c . relational d . collaborative 1 points QUESTION 3 1. In the context of acquisitions, the similarity in cultures, systems, and structures between firms is called _____. a . relational capability b . organizational fit c . strategic fit d . acquisition premium 1 points QUESTION 4 1. At which stage in the formation of alliance must a firm decide whether to take a contract or an equity approach? a . Stage 2 b . Stage 3 c . Stage 1 d . Stage 4 1 points

QUESTION 5 1. In an alliance, keeping critical skills and technologies not meant to be shared a secret helps prevent _____. a . hostile takeover b . proxy fight c . corporate raider d . opportunism 1 points QUESTION 6 1. A(n) ____ is an investment in real operations as opposed to financial capital. a . hubris b . foreign direct investment c . real option d . real account 1 points QUESTION 7 1. The act of investigating prior to signing contracts is called _____. a . relational capability b . due diligence c . strategic fit d . hubristic motive 1 points QUESTION 8 1. A non-equity based alliance is also called a _____. a . cross-border alliance b . synergistic alliance c . hubristic alliance d . contractual alliance 1 points QUESTION 9 1. In which type of equity-based alliance does one firm invest in another?

b . acquisition premium c . strategic investment d . strategic fit 1 points QUESTION 14 1. In the context of the motives for acquisition, from a resource-based view, the most important _____ rationale is to leverage superior resources. a . managerial b . synergistic c . collusive d . hubristic 1 points QUESTION 15 1. In the context of acquisitions, which of the following is a resource-based issue faced by synergistic motives? a . Herd behavior b . Enhancement of market power and scale economies c . Self-interested actions d . Chasing fads of M&As