Instead of the current 2016 results, assume that TED-Europe's financial performance far exceeded management's stretch goal. In this case, would it be ethical to utilize earnings management techniques to reduce operating income (e.g., reschedule the routine maintenance on non-production machinery that is traditionally performed in January to December of the current year)? Explain. What impact would this type of earnings management have on future financial performance? Why might management be incentivized to engage in income-decreasing earnings management?