1. About the conflicts between stakeholders, which statement is NOT correct?

a. Conflicts could arise between the same type of stakeholders.

b. Conflicts could arise between capital market stakeholders and organizational stakeholders.

c. Conflicts can arise because different stakeholders may have different demands from the firm.

d. Conflicts are more likely to arise between the same type of stakeholders than between different types of stakeholders.

2. Financial resources are one important type of valuable resource for firms. Firms often need to borrow loans from banks. According to the stakeholder framework, the banks as debt-holder is one type of

a. capital market stakeholder

b. organizational stakeholders

c. product market stakeholder

d. domestic stakeholders

3. About synergy generated in corporate strategy, which statement is NOT correct?

a. Synergy is generated if more value is created when two businesses are under the same ownership than they are in separate ownerships.

b. Synergy is generated when the cost of operating two businesses in one firm is higher than operating two businesses in two different firms, i.e., C(Q1, Q2)>C (Q1,0) + C(0,Q2)

c. Synergy can be generated when appropriate control and coordination mechanisms are in place.

d. Synergy is generated if more value is created when two businesses are related, and resources can be shared.