A fiRm That Wants to Offset the Risk Associated with Operating

question 66

Multiple Choice

A firm that wants to offset the risk associated with operating in a single product line would:

• A) acquire another firm that operates in the same stage of the production process.
• B) undertake a diversification growth strategy.
• C) increase the number of stages in its value chain.
• D) merge with firms that are at consecutive stages of the vertical chain.

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Definitions:

Fannie Lou Hamer

An American voting rights activist and civil rights leader who played a significant role in the struggle for voting rights and racial equality during the 1960s.

MFDP Delegate

Stands for Mississippi Freedom Democratic Party Delegate, representing an alternative to the then all-white Mississippi Democratic Party at the 1964 Democratic National Convention.

Constitutional Rights

Rights afforded to individuals by a constitution, often including freedom of speech, religion, and the press.

Supreme Court

The highest judicial court in a country or state, often having the authority to make decisions over all other courts.