Splitting AT&T in 1996 into Four Separate Firms Is an Example

question 56

Multiple Choice

Splitting AT&T in 1996 into four separate firms is an example of a:

• A) leveraged buyout.
• B) spin-off.
• C) management buyout.
• D) tender offer.

---

Definitions:

Functionalism

A theoretical framework in sociology and anthropology that views society as a complex system whose parts work together to promote solidarity and stability.

Nonroutine Collective Action

Unplanned, spontaneous group actions that emerge in response to an immediate situation or crisis.

Rationality

The characteristic of being rooted in or guided by reason or rationality.