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Ethical decision - making by management has a payoff for shareholders in terms of: Question 2 Answer a . Increased managerial benefits b . Improved

Ethical decision

-

making by management has a payoff for shareholders in terms of: Question

2

Answer a

.

Increased managerial benefits b

.

Improved capital structure c

.

Higher dividend payments d

.

Enhanced reputation value e

.

Lower tax rate

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