According to the survey of senior managers by Graham,Harvey,and Rajgopal,senior managers admitted to the following:
I.adjusting their firms' operations and investments in order to manage earnings;
II.decreasing discretionary spending in R&D,advertising,or maintenance to meet earnings targets;
III.deferring or rejecting investment projects with positive NPVs in order to meet earnings targets
A) I only
B) II only
C) I and II only
D) I,II,and III
Correct Answer:
Verified
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