When the Meaning of the Information Available to a Manager

question 59

Multiple Choice

When the meaning of the information available to a manager is unclear and can be interpreted in several ways, the information is

• A)certain.
• B)ambiguous.
• C)bounded.
• D)irrational.

---

Definitions:

Acquisitions

The act of acquiring control of another company by purchase or exchange of stock.

Greenmail

A situation where a company pays a premium to buy back its own shares from a corporate raider to prevent a hostile takeover.

Outstanding Stock

The total shares of a corporation's stock that have been issued and are in the hands of the public and company officers.

Unfriendly Takeover

A corporate acquisition or merger that is carried out against the wishes of the target company's management and board of directors.