The market for corporate control enables the "wholesale" removal of entrenched managers.

Name: The market for corporate control enables the "wholesale" removal of entrenched managers.
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Question

Quizplus · Accepted Answer

The market for corporate control allows companies to be bought and sold, which can result in the removal of current managers who may be perceived as not performing well or blocking progress. This can happen on a large scale, affecting multiple managers at once, hence the use of the term "wholesale."

The Market for Corporate Control Enables the "Wholesale" Removal of Entrenched