Which of the Following Is Correct Concerning Antitakeover Efforts

question 4

Multiple Choice

Which of the following is correct concerning antitakeover efforts?

• A)Most states have passed laws to deter hostile takeovers,but these statutes have not totally eliminated hostile takeovers.
• B)Federal statutes have been more effective than state statutes in eliminating hostile corporate takeovers.
• C)The most effective federal statute has been the Poison Pill Act.
• D)The Williams Act has been the most effective legislation in regulating the actions of the target company.

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Definitions:

Accountability

The obligation of an individual or organization to account for its activities, accept responsibility for them, and disclose the results in a transparent manner.

Groupthink

A psychological phenomenon that occurs within a group of people when the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Critical Evaluator

Someone skilled in assessing situations, ideas, or projects thoroughly and objectively to judge their worth or significance.

Non-directive Stance

A non-directive stance denotes an approach, especially in counseling or leadership, where guidance is provided without dictating a specific course of action, encouraging independence in decision-making.