In the context of the vertical structure of a firm, all the stockholders are directly involved in managing the firm.

Name: In the context of the vertical structure of a firm, all the stockholders are directly involved in managing the firm.
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In the vertical structure of a firm, stockholders are not directly involved in managing the firm. The board of directors is responsible for overseeing the management team and making decisions on behalf of the stockholders.

In the Context of the Vertical Structure of a Firm