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A manager under-investing in projects that are in shareholder's best interests but which may reduce the manager's own bonus payment, is classed as which type of agency cost?
Favorable Qualities
Attributes or traits of an individual, group, or object that are viewed positively or considered beneficial within a certain context.
Intelligence
A person's capacity to acquire knowledge, reason, solve problems, think abstractly, understand complex ideas, learn quickly, and adapt to environmental challenges.
Out-group Homogeneity Bias
The perceptual tendency to overestimate the similarity of individuals within an out-group compared to those within an in-group.
Variability
The degree to which data points in a set differ from each other and from the average of the set.
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