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Suboptimization Refers to Actions Taken by a Manager That Are

question 39

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Suboptimization refers to actions taken by a manager that are in the best interest of the firm as a whole but not in his/her own best interest.


Definitions:

Crime

An act or omission that violates a law which results in a punishment.

Implied Permission

Consent for an action that is not explicitly granted but inferred from actions or circumstances.

Land

A natural resource that encompasses the earth's surface, excluding water bodies, and can include the resources above and beneath the surface area.

Tort Law

The area of law that deals with civil wrongs and damages to a person’s body, property, reputation, or rights, not involving a contract.

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