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17. Explain how each of the following can lead to sub-optimal investment process: a) Relying on top-down idea generation; b) Managers being judged solely on

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17. Explain how each of the following can lead to sub-optimal investment process: a) Relying on top-down idea generation; b) Managers being judged solely on accounting rate of return; c) A requirement that projects have a quick payback; d) Post-auditing once only, one year after completion; e) Post-auditing conducted by managers from 'rival' divisions; f) Over-optimism of project sponsors

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