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