Kindly answer the question by number & anwer true or false only. some answers fill in blanks.

92. Comorate tax laws also affect diversification. Acquisitions typically increase a firm's depreciable asset allowances. Increased depreciation (a non-cash-flow expense) produces lower taxable income, thereby providing an additional incentive for acquisitions. 93. Diversifying into other product markets or into other businesses can reduce the uncertainty about a firm s future cash flows. 94. First, the fim may reduce its level of technological change by operating in environments that are more certain 95. Even when incentives to diversify exist, a firm must have the types and levels of resources and capabilities needed to successfully use a corporate-level diversification strategy. 96. Tangible resources usually include the plant and equipment necessary to produce a product and tend to be less-flexible assets. 97. Intangible resources are more flexible than tangible physical assets in facilitating diversification 98. These capabilities have lead the firm to open a new business to manage treasury and cash assets for other companies, but also for endowments and local and state govemment entities. 99. In some instances, though, a fim's govemance mechanisms may not be strong, allowing executives to diversify the fim to the point that it fails to earn even average returns. 100. Most large publicly held firms are profitable because the managers leading them are positive stewards of firm resources, and many of their strategic actions, including those related to selecting a corponate-level diversification strategy, contribute to the firm's success