1. Who tends to benefit the most from acquisition activity?
a. Target firm shareholders
b. Bidding firm shareholders
c. Both (a) and (b) benefit the same
d. Neither (a) nor (b) benefit
e. Shareholders only benefit from merger activity
2. A ____________ is an association of several companies sharing a specific strategic purpose.
a. cross-equity alliance
b. virtual alliance
c. golden parachute
d. consortia
e. diversified organization