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20. Which of the following rationales typically are valid reasons for business mergers? A) Managers personal incentives B) None of these answers is valid. C)

20. Which of the following rationales typically are valid reasons for business mergers?

A) Managers personal incentives

B) None of these answers is valid.

C) All of these rationales are valid.

D) Purchase of assets for less than replacement cost

E) Availability of excess cash

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