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7. Which one is an example of an agency problem? * a. Managers engage in empire building b. Managers protect their jobs by avoiding risky

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7. Which one is an example of an agency problem? * a. Managers engage in empire building b. Managers protect their jobs by avoiding risky projects c. Managers over consume luxuries such as corporate jets d. All of the answers provide examples of agency problems O e. None of the above e

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