Angry shareholders has placed corporate resolution

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Reference no: EM13925017

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 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?

Reference no: EM13925017

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