Shareholders exert control of the management of the firm by (2 points) a. electing board members who can replace management. b. directly replacing management with themselves. c. buying shares in an IPO

Shareholders exert control of the management of the firm by (2 points) a. electing board members who can replace management. b. directly replacing management with themselves. c. buying shares in an IPO at a discounted price. d. running the daily operations of the firm. e. None of the above.

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