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A firm's common stockholders have the right to elect its directors, who, in turn, elect the officers who manage the business. Thus, the management of

A firm's common stockholders have the right to elect its directors, who, in turn, elect the officers who manage the business. Thus, the management of most publicly owned firms can be removed by the stockholders if the management team is ineffective. * 1 point True False


Finance accounts for past transactions or historical data while accounting always looks at the future which would always work on the vision and strategic goals of the company. * 1 point True False

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