A Friendly Suitor That a Target Firm Turns to as an Alternative

question 21

Multiple Choice

A friendly suitor that a target firm turns to as an alternative to a hostile bidder is called a:

• A)golden suitor.
• B)poison put.
• C)white knight.
• D)shark repellent.
• E)crown jewel.

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Definitions:

Net Sales

The revenue from sales of goods or services after subtracting returns, allowances for damaged or missing goods, and discounts.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.

Selling Price

The amount of money for which a product or service is sold to the customer.

Distribution Costs

Expenses associated with delivering goods from production sites to points of sale and ultimately to customers.