The management of a publicly held corporation effectively controls the election process of the board of directors because ________
A) the management typically owns almost all the shares
B) shareholders are scattered across the country and vote by proxy, thus allowing the proxy committee to vote the shares in any way it sees fit
C) the management rigs the election through the use of fraudulent and nonexistent proxies, thus increasing the votes for the candidate it has backed to win
D) proxies are typically ignored at the shareholders' meeting
B
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What advantage associated with strategic alliances was Sony exploiting when it partnered with Samsung to make flat-panel television sets to move up the learning curve in liquid crystal display technology?
a. allowing specialization of capabilities b. developing new competitive advantages c. reinforcing market power d. establishing technical standards