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A large international accountancy firm has recently introduced a four-week mandatory course on work practices and routines specific to the firm. It is held at

A large international accountancy firm has recently introduced a four-week mandatory course on work practices and routines specific to the firm. It is held at a luxury hotel on a Caribbean island and the accommodation cost has to be borne by the employees. This well-intentioned 'on-boarding initiative has backfired badly. Explain why, using the concept of asset specificity.

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