M&As

This is really Paper SBL. They can gain because of more power and status running a larger businesses. They likely gain from being paid a bigger salary due to running a bigger company. They gain because their position is likely to be more secure given again a larger company. Benefit and self-interest is not purely financial.

Yes it could certainly be in the AFM exam, because as I have told you before the advanced exams can include anything from any of the other exams.