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Business managers know the most about their business so they have the best knowledge upon which to base the estimate. The risk, though, is that
Business managers know the most about their business so they have the best knowledge upon which to base the estimate. The risk, though, is that allowing managers to estimate values that are used to measure their performance could lead them to "embellish" (a nice word for "lie about") their results. Comment on this issue: Does it concern you as a (future) investor or employee? Would you take a different approach? Does it raise other questions in your mind?
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