This Term Signals That White Businesspeople Are at Least Dimly

question 82

Multiple Choice

This term signals that white businesspeople are at least dimly aware of the non-meritocratic ways in which the vested interests of whites are commonly protected and extended to the disadvantage of businesspeople who are not white.

• A) cronyism
• B) good old boy networks
• C) in-group favoritism
• D) in-group homogeneity
• E) racial nepotism

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Definitions:

Greenmail

A tactic where a company buys back its own shares at a premium from a hostile party to prevent a takeover.

Target Management

The process of identifying, organizing, and prioritizing business objectives and key performance indicators to achieve strategic goals.

White Knight

A post-offer technique where a target company invites another suitor to outbid a hostile bidder. The second suitor agrees that it will retain the existing management.

Hostile Bidder

An entity attempting to acquire another firm against the wishes of the target company's management and board.