5. The following are methods available to change the management of a firm :

1. A successful proxy contest in which a group of shareholders vote in a new board of directors who then pick a new management team 2. A takeover of one firm by another firm 3. A leveraged buyout of the firm by a private group of investors

a. 1 only

b. 2 and 3 only

c. 1,2 and 3

d. 1 and 3 only

e. None of the above