· rEAD thE ArtiClE BElow ABout A CritiCAl ConCErn in mErgEr AnD ACquisition strAtEgiEs.
·ChoosE thE BEst worD or phrAsE to Fill EACh gAp FromA,B,C, or
D、on thE oppositE pAgE.
· For EACh quEstion 19--33, mArk onE lEttErA,B,C, orD、on yourAnswEr shEEt.
D、vAlign=top wiDth="100%">{{B}}A、CritiCAlConCErn in mErgEr AnDACquisition strAtEgiEs{{/B}}
mErgErs AnD ACquisitions As growth strAtEgiEs ArE onCE AgAin in voguE. this BusinEss DrAmA sEEms to BE {{u}} (19) {{/u}}By rECEnt highly visiBlE mErgErs BEtwEEn riCh AnD FAmous plAyErs.EvEn spECulAtion ArounD A low BAll oFFErED ByComCAst to ACquirEDisnEy sEEms to ExCitE gloBAl {{u}} (20) {{/u}} in CorporAtE mArriAgEs.
howEvEr, likE All suCh {{u}} (21) {{/u}}, long-tErm suCCEss is rArEly ACComplishED By A mErE ComBinAtion oF Cool stuFF AnD know-how. in thE miDst oF All thE hypE, A wEll DoCumEntED FACt is thAt most mErgEr AnD ACquisition ACtivity rArEly {{u}} (22) {{/u}} thE highly AntiCipAtED CoopErAtion BEtwEEn CompAniEs. throughout A mErgEr or ACquisition, pEoplE in An ACquirED CompAny oFtEn {{u}} (23) {{/u}} thAt thEy Don’t know whAt is hAppEning, ExprEss FEAr ABout {{u}} (24) {{/u}} thEir joBs, AnD FEEl DEmorAlizED As to thE FuturE oF thEir ContriButions. FAilED mErgErs thAt othErwisE hAvE A {{u}} (25) {{/u}} strAtEgiC AnD FinAnCiAl Fit ArE typiCAlly thE {{u}} (26) {{/u}} oF thE irrEtriEvABlE loss oF intAngiBlE, mEssy-to-mEAsurE, AnD DiFFiCult-to-implEmEnt humAn {{u}} (27) {{/u}} on whiCh thE CompAny’s tAngiBlE AssEts ultimAtEly {{u}} (28) {{/u}}.
trADitionAl intEgrAtion prACtiCEs hAvE BEEn {{u}} (29) {{/u}} ArounD ConsoliDAting kEy rEsourCEs, FinAnCiAl AnD physiCAl AssEts, {{u}} (30) {{/u}} nAmEs, AnD trADABlE EnDowmEnts. thE most ForwArD-thinking intEgrAtion strAtEgiEs Also CApturE kEy piECEs oF ElusivE CorE CompEtEnCiEs, suCh As A/An {{u}} (31) {{/u}}’s BEst prACtiCEs, skills, knowlEDgE BAsEs, AnD routinEs. {{u}} (32) {{/u}} ExCluDED ArE CritiCAl root strAtEgiC AssEts, whiCh CAn mAkE or BrEAk A union thAt is othErwisE "mADE in hEAvEn". thEsE root strAtEgiC AssEts {{u}} (33) {{/u}}CollABorAtivE lEADErship, CulturAl CohEsion AnD tAlEnt rEtEntion.
A．purposE
B．inCEntivE
C．rEAson
D、rEsult