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A group of angry shareholders has placed a corporate resolution before all shareholders at a company’s annual stockholders’ meeting

A group of angry shareholders has placed a corporate resolution before all shareholders at a company’s annual stockholders’ meeting
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P15-19 Ethics Problem A group of angry shareholders has placed a corporate resolution before all shareholders at a company’s annual stockholders’ meeting. The resolution demands that the company stretch its accounts payable, because these shareholders have determined that all of the company’s competitors do so, and the firm operates in a highly competitive industry. How could management at the annual stockholders’ meeting defend the firm’s practice of paying suppliers on time?

 

FILE: MS WORD

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