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Which of the following statements is a consequence of contract rigidity? Select one: O c. a. Contract rigidity implies incomplete contracts. b. Unforeseen realizations of
Which of the following statements is a consequence of contract rigidity? Select one: O c. a. Contract rigidity implies incomplete contracts. b. Unforeseen realizations of states of nature impose costs on firms and managers. c. It is less costly to change accounting standards than to change the contract. d. Contract rigidity supports basing manager compensation on reported net income
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