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The present value of $10000 to be received in 5 years will be smaller if the discount rate is
Opportunity Cost of Shirking
The benefits a worker forgoes by choosing to shirk (reduce their level of effort or productivity) at work, which could include potential wage increases, promotions, or job security.
Shirking
The action of avoiding or escaping from work or duties.
Monitoring Costs
Expenses involved in overseeing and controlling the performance of a business or investment.
CEO's Pay
The compensation package, including salary, bonuses, and benefits, provided to the Chief Executive Officer of a company.
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