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A manager under-investing in projects that are in shareholder's best interests but which may reduce the manager's own bonus payment, is classed as which type
A manager under-investing in projects that are in shareholder's best interests but which may reduce the manager's own bonus payment, is classed as which type of agency cost?
a. Contracting cost
b. Loss from a poor decision
c. Loss from incongruent goals
d. Monitoring cost
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