Instaworks Inc

question 60

Multiple Choice

Instaworks Inc. wants to acquire IOK Corp. Instaworks makes a tender offer to the shareholders of IOK to acquire their shares of IOK without the permission of the latter corporation's board of directors. This is a ________ tender offer.

• A) cogent
• B) single-point
• C) persuasive
• D) hostile

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Definitions:

Income Effect

Adjustments in the financial earnings of an individual or an economy and the corresponding effect on the quantity of goods or services demanded.

Indifference Curve

A graph showing different combinations of two goods that give a consumer equal satisfaction and utility.

Utility Level

A measure of the satisfaction or happiness that individuals get from the consumption of goods and services.

Indifference Curve

A graph depicting combinations of goods that give the consumer equal satisfaction and utility.