What action would the management take if it wants to gain more ownership control of the firm?

Question

Quizplus · Accepted Answer

Repurchasing shares of common stock is a way to reduce the number of outstanding shares, which in turn increases the ownership percentage of the remaining shareholders, including management. This is a common way for management to gain more ownership control of the firm. The other options (A, B, C, and E) do not directly increase ownership control.

What Action Would the Management Take If It Wants to Gain