Identify a correct statement about mergers and acquisitions.

a.Successful mergers and acquisitions result in lower research-and-development expenditure.

b.The failure or success of mergers and acquisitions is assessed by looking at employee turnover.

c.The failure or success of mergers and acquisitions can be assessed by looking at stock prices.

d.Aspects of human resource management are not relevant to the success or failure of mergers and acquisitions.