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Salary and bonus plans address the agency problem by: A. Skewing the compensation system toward top management. B. Permitting the firm to reduce base salaries

Salary and bonus plans address the agency problem by:

A. Skewing the compensation system toward top management.

B. Permitting the firm to reduce base salaries for all employees.

C. Denying bonuses to employees who make mistakes.

D. Paying extra compensation based on the firm's financial performance.

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