1. According to Barney & Hesterly (2o15), a diversified firm obtains less than 70% of its revenues from any one business. Is Walt Dsiney Co. a diversified firm? (You can answer this by looking at the firms Nov. 2016 10k report, page 31.)
2. Is Walt Disney Co. a related diversifier? Why or why not?
3. Explain whether the firm's acquisition of Pixar (2006) or Marvel (2009) (choose one of the two) are consistent with your answer to Q2.