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Which of the following is NOT advanced as a rationalization for exorbitant executive compensation? Theory of...

Which of the following is NOT advanced as a rationalization for exorbitant executive compensation?

Theory of economic rents

The idea that they should be compensated for the value they allegedly create

Necessary to overcome the incentive to be risk averse for fear of making mistakes that cost them their job

Tournament theory, or the idea that it will elicit greater effort among competing vice presidents

None of the above; all are advanced as rationalizations

business   economics   
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the following is NOT advanced as a rationalization for exorbitant executive compensation:

None of the above; all are advanced as rationalizations

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