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

Question

Quizplus · Accepted Answer

The survey by Graham, Harvey, and Rajgopal revealed that senior managers not only adjusted operations and investments and decreased discretionary spending to meet earnings targets but also deferred or rejected positive NPV projects for the same reason.

According to the Survey of Senior Managers by Graham, Harvey