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Which one of the following statements is TRUE? 1. Management is said to be entrenched when the company is doing badly and is stuck in

Which one of the following statements is TRUE?

1. Management is said to be entrenched when the company is doing badly and is "stuck in a rut."

2.A manager avoiding a positive NPV but risky project is an example of a manager-shareholder conflict.

3.A quarter-end bonus is an example of a nonpecuniary benefit.

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