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QUESTION 7 7. Agency problem occurs under the following conditions except for: a. When managers spend corporate funds on perquisites b. When managers refuse to
QUESTION 7
7. Agency problem occurs under the following conditions except for:
a. When managers spend corporate funds on perquisites
b. When managers refuse to take on attractive merger offers due to the risk of losing their position
c. When managers focus on risky projects that may negatively impact short-term performance
d. When managers focus on projects that satisfy their own interest rather than those that have greater market potential
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