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3. To whom do managers owe their allegiance (loyalty)? Is it to the shareholders? to other stakeholders? Be sure to support your answer by using

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3. To whom do managers owe their allegiance (loyalty)? Is it to the shareholders? to other stakeholders? Be sure to support your answer by using the objective of the firm and one of the two corporate governance definitions that have been introduced during this semester. (4 Points) Enter your

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