Power Is Part of All Types of Social Relations

question 47

Essay

Power is part of all types of social relations.Discuss what power is and how it is used differentially across societies.

Appreciate the strategic purposes behind corporate restructuring, including mergers, acquisitions, and divestitures.

Understand the concept of synergy in mergers and acquisitions and how it affects the combined value of firms.

Identify and understand defensive measures against hostile takeovers.

Know the role of investment bankers in mergers and acquisitions.

---

Definitions:

Income Effect

The correlation between income changes in an economy or for individuals and their effect on the quantity of goods and services demanded.

Opportunity Cost

The value of the next best alternative that is foregone when a decision is made to choose one option over another.

Leisure Time

Free time in which an individual is not working, is not engaged in compulsory activities, and can choose activities for relaxation, enjoyment, or other personal development.

Labor Market

The supply of available workers in relation to available work, and the dynamics of wages, employment, and income.