Which one of the following comparisons between debt and equity is correct? a. Both creditors and stockholders are owners of the firm.
b. Both creditors and stockholders vote to elect the board of directors.
c. Stockholders are the owners of the firm but the creditors vote on all major decisions.
d. The creditors have first claim to the firm’s assets but the stockholders are the owners.
e. Since the stockholders are the firm’s owners, they have a higher claim to the firm’s assets than do the creditors.

The company is experiencing an increase in competition, and at the same time they are building more production facilities in southeast asia. in this scenario, the top management team is most likely to multiple choice increase the cost of their products. restructure to reflect a more bureaucratic, stable organization. pull decision-making responsibility from low-level management, taking it on themselves. give lower-level managers the authority to make decisions to benefit the firm. rid themselves of all buffering product.