None of the above 2 Question 3 (1 point) Which of the following may NOT be a potential problem with managerial behavior? Consume too many nonpecuniary benefits Avoid difficult decisions out of loyalty to friends in company Avoid returning capital to investors by making excess investments in marketable securities or by paying too much for acquisitions Spending too much time in ensuring the disclosure of the accurate accounting information Question 4 (1 point) Which of the following would be most likely to lead to a decrease in a firm's dividend payout ratio