The Failure of Empirical Research to Find Unambiguous Evidence That

question 13

Multiple Choice

The failure of empirical research to find unambiguous evidence that related diversification outperforms unrelated evidence points to:

• A)The fact that firm performance is the outcome of many factors of which diversification strategy is only one
• B)Reverse causation: it may be that poorly performing firms are more likely to take the risk of unrelated diversification
• C)Difficulties in determining whether diversification is related or unrelated
• D)All the above.

---

Definitions:

Southern Society

Refers to the culture, social structures, and institutions of the American South, historically characterized by agrarian economy and the institution of slavery.

President Johnson

Refers to Lyndon B. Johnson, the 36th President of the United States, who served from 1963 to 1969, known for his "Great Society" legislation, including civil rights laws and Medicare.

Reconstruction Plan

The period after the Civil War in the United States when the Southern states were reorganized and reintegrated into the Union; it involved significant political, social, and economic changes.