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Which of the following is NOT an example of an agency cost? Group of answer choices Management buys a subsidiary to expand its personal power

Which of the following is NOT an example of an agency cost? Group of answer choices

Management buys a subsidiary to expand its personal power instead of maximizing the company's value.

Auditing a company's financial statements to prevent fraud.

Management is compensated with stock options in the company.

Employees are paid an hourly wage.

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