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Which of the following best describes corporate raiders? (A) Accountants who audit public companies (B) Company managers who misuse company funds (C) Firms specialising in takeovers of undervalued companies (D) Investigators working for the Australian Securities Exchange - HSC - SSCE Business Studies - Question 8 - 2011 - Paper 1
Question 8
Which of the following best describes corporate raiders? (A) Accountants who audit public companies (B) Company managers who misuse company funds (C) Firms specia... show full transcript
Worked Solution & Example Answer:Which of the following best describes corporate raiders? (A) Accountants who audit public companies (B) Company managers who misuse company funds (C) Firms specialising in takeovers of undervalued companies (D) Investigators working for the Australian Securities Exchange - HSC - SSCE Business Studies - Question 8 - 2011 - Paper 1
Step 1
Identify the correct description of corporate raiders
Answer
Corporate raiders are typically defined as firms or individuals that specialize in the acquisition of other companies, often taking over undervalued businesses to restructure them for profit. This is best represented by option C: Firms specialising in takeovers of undervalued companies.