A firm is employing a _____________ if it sells its crown jewels as a takeover defense.
A) Golden parachute.
B) Shark repellent.
C) White knight.
D) Scorched earth policy.
E) Lockup.

Question

Quizplus · Accepted Answer

Selling its crown jewels as a takeover defense is a type of scorched earth policy, where a company takes extreme actions to make itself less attractive to a potential acquirer.

A Firm Is Employing a _____________ If It Sells Its