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Chevron bid $$5$ billion in $2020$ to acquire the oil and gas exploration company Noble Energy, Inc. This acquisition was required to pass which three Tests of Corporate Advantage?

Multiple Choice

the resource fit test, the profitability test, and the value chain cross$-$fit test

the better$-$off $($synergy$)$ test, the competitive advantage test, and the cost$-$of$-$entry test

the capability test, the industry attractiveness test, and the strategic fit test

the industry attractiveness test, the cost$-$of$-$entry test, and the better$-$off $($synergy$)$ test

the shareholder value test, the cost$-$of$-$entrv test, and the competitive advantage test