Which one of the following actions by a ﬁnancial manager creates an agency problem?

Question

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Agreeing to expand the company at the expense of stockholders' value creates an agency problem as the manager is prioritizing their own interests (expansion, potentially higher salary, etc.) over the interests of the stockholders (maximizing their returns). This can result in conflicts of interest and potentially lower stockholder returns.

Which One of the Following Actions by a ﬁNancial Manager