Economics 1142 checkup B
hostile
A ____________________________________takeover is the purchase of a firm that is opposed to being taken over
friendly
A ____________________________________takeover is the purchase of a firm that is willing to be taken over
poison pill
A firm that does not wish to be taken over may use the _______________________________strategy; that is , it makes itself less appealing to the purchasing company
integrity,allegiance,firm,goals,desire,serve others
Characteristics of a good manager include _______________________; ___________________to the _________________and its ______________________; a _____________________to _________________ ________________
acquisition
In a/an _______________________________, a smaller firm is purchased by a larger one, which may not take direct control of its corporations
takeover
In a/an ___________________________________, the purchasing firm takes direct control over the purchased firm
stock exchange,OTC
Members of a _________________________________meet in one place to deal in securities, but ___________________________brokers exchange bids and ask prices through the NASDAQ system
computer link
NASDAQ can handle stock transactions either through the ________________________________or over the phone
primary distribution,secondary market transactions
Of the two types of stock transactions, the volume of ____________________________________________is much greater than that of _____________________________________
hiring workers,controlling quality,communicating,workers,top management,meeting objectives
Responsibilities of managers include _________________ ________________; ______________________ __________________________; ____________________________ with _____________________and ____________________________; _________________________ __________________________
top management,middle management,laborers
The structure of a corporation is much like a pyramid, with ____________________________at the peak, ________________________________at the center, and ______________________at the bottom
benefit,expertise,diversify,good buy,prevent,takeover bid
Two unrelated firms might merge to ___________________from each other's ____________________; _____________________; get a _______________ __________________________; ____________________a ________________________ ___________________
Middle
_______________________management includes division and department and managers and is responsible for making operational decisions
Top
_________________management includes the board of directors and top executives and is responsible for making decisions that can affect or alter the course of the corporation
merger
act of combining two firms
deacquisition
act of selling part of a corporation recently required
stock exchange
association of security brokers and dealers
sole proprietorship,partnership
best able to maximize profits because of personal involvement of owner(s)
corporation
best able to raise capital
corporation
business in which many people invest labor and capital
sole proprietorship
business owned and managed by a single individual
partnership
business owned by two ore more individuals
share of stock
certificate of ownership in corporation
large cap company
company with market capitalization of more than 1$ billion
NASDAQ
computer network that transmits and updates price quotations
corporation
generates the most revenue
sole proprietorship,partnership
heavy responsibility on owner(s)
corporation
highest management cost
corporation
issues and sells shares of stock
primary distribution
issuing and selling of stock by a company
partnership
least common in U.S.
corporation
limited liability
sole proprietorship,partnership
limited life
sole proprietorship,partnership
lower management cost
horizontal merger
merger between companies in the same industry
vertical merger
merger between firms ahead of or behind each other in the production process
conglomerate merger
merger of firms in very different industries
sole proprietorship
most common in U.S.
corporation
ownership easily transferred
corporation
ownership vested in stockholders
corporation
perpetual life
corporation
requires a state charter
secondary market transaction
subsequent trading of a corporation's hack
incentive-compatible
type of contract that attempts to correlate a firm's incentives with its managers' incentives
sole proprietorship,partnership
unlimited liability