Q427: According to the passage, the research mentioned in line 6 suggests which of the following about lower ranked top executives and postacquisition success?
A. Given that these executives are unlikely to contribute to postacquisition success, little effort should be spent trying to retain them.
B. The shorter their length of service, the less likely it is that these executives will play a significant role in postacquisition success.
C. These executives are less important to postacquisition success than are more highly ranked top executives.
D. If they have long tenures, these executives may prove to be as important to postacquisition success as are more highly ranked top executives.
E. Postacquisition success is unlikely if these executives are retained.
Q428: The resource based view, as described in the passage, is basedon which of the following ideas?
A. The managerial skills of top executives become strongest after the first five years of their tenure.
B. Company specific knowledge is an important factor in the success of an acquisition process.
C. The amount of nontransferable knowledge possessed by long tenured top executives tends to be underestimated.
D. Effective implementation of an acquisition depends primarily on the ability of executives to adapt to change.
E. Short tenured executives are likely to impede the implementation of a successful acquisition strategy.
Q429: The passage suggests that Bergh and a proponent of the upper echelons perspective would be most likely to disagree over which of the following?
A. Whether there is a positive correlation between short organizational tenure and managerial adaptability
B. Whether there is a positive correlation between long organizational tenure and the acquisition of idiosyncratic and nontransferable knowledge
C. Whether adaptability is a useful trait for an executive who is managing an acquisition process
D. Whether retaining less tenured top executives of an acquired company is an optimal strategy for achieving postacquisition success
E. Whether retaining highest level top executives of acquired companies is more important than retaining lower ranked top executives
Q430: According to the passage, prior to Bergh’s study, research on the role of top executives of acquired companies in business acquisition success was limited in which of the following ways?
A. It did not address how the organizational tenure of top executives affects postacquisition success.
B. It did not address why some companies have longer tenured CEOs than others.
C. It did not consider strategies for retaining long tenured top executives of acquired companies.
D. It failed to differentiate between the contribution of highest level top executives to postacquisition success and that of lower ranked top executives.
E. It underestimated the potential contribution that lower level top executives can make to postacquisition success.
Q460: The primary purpose of the passage is to
A. compare the impact of the Great Depression on Latin America with its impact on the United States
B. criticize a school of economic historians for failing to analyze the Great Depression in Latin America within a global context
C. illustrate the risks inherent in comparing different types of economic enterprises to explain economic phenomena
D. call into question certain scholars’ views concerning the severity of the Great Depression in Latin America
E. demonstrate that the Great Depression had a more severe impact on industry in Latin America than in certain other regions
Q461: Which of the following conclusions about the Great Depression is best supported by the passage?
A. It did not impede Latin American industrial growth as much as historians had previously thought.
B. It had a more severe impact on the Brazilian and the Mexican textile industries than it had on Latin America as a region.
C. It affected the Latin American textile industry more severely than it did any other industry in Latin America.
D. The overall impact on Latin American industrial growth should be reevaluated by economic historians.
E. Its impact on Latin America should not be compared with its impact on the United States.
Q462: Which of the following, if true, would most strengthen theauthor’s assertion regarding economic indicators in lines 25–27?
A. During an economic depression, European textile manufacturers’ profits rise while their industrial output remains steady.
B. During a national economic recession, United States microchips manufacturers’ profits rise sharply while United States steel manufacturers’ profits plunge.
C. During the years following a severe economic depression, textile manufacturers’ output levels and profit levels increase in Brazil and Mexico but not in the rest of Latin America.
D. Although Japanese industry as a whole recovers after an economic recession, it does not regain its previously high levels of production.
E. While European industrial output increases in the years following an economic depression, total output remains below that of Japan or the United States.
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