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According to the five forces model, an unattractive industry would include all of the following characteristics EXCEPT Select one: a. High threat of substitute products due to a large number of low cost alternatives. b. Overall high inventory turnover and high account receivable turnover O c. High bargaining power of buyers due to low switching costs. d. Low economies of scale needed for new firms to enter. Market diversification provides two benefits to a top management team that do not accrue to shareholders: ___ and ___ Select one: O a. the manager's supervisory needs are lowered, the manager is allowed greater time to oversee a wider range of activities b. greater experience in a wider range of industries, lessening of managerial employment risk c. the opportunity for higher compensation through firm growth, a reduction in managerial employment risk O d. the manager frequently invests in the acquired firm which allows him or her extensive profits, the manager can frequently buy excess assets divested by the acquired firm Which of the following is a FALSE statement about corporate governance? Select one: a. Governance is used to establish order between parties whose interests may be in conflict. O b. Corporate governance is better achieved with institutional owners who have 5% or more of outstanding equity. O c. Corporate governance is better achieved with a board of directors with strong ties to management. d. Awareness by top managers of the existence of external investors in the form of individuals (e.g., Carl Icahn) and groups (e.g., hedge funds) often positively influences them to align their interests with shareholders