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A company has bought an expensive machine to use in helping file data. However, the machine quickly became outdated. Because the machine was so expensive, the manager is reluctant to replace it, falling into a sunk cost fallacy. What is motivating the manager's decision?

a. Intrinsic motivation.

b. Extrinsic incentives.

c. Cognitive bias.

d. Corporate social responsibility

Financial Accounting, Accounting

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