Which One of the Following Statements Is TRUE

Multiple Choice

Which one of the following statements is TRUE?

A) A manager avoiding a positive NPV but risky project is an example of a manager-shareholder conflict.
B) Management is said to be entrenched when the company is doing badly and is "stuck in a rut."
C) A quarter-end bonus is an example of a nonpecuniary benefit.
D) A company's matching contribution to a retirement plan is a nonpecuniary benefit.
E) Company sponsorship of a local charity is an example of a nonpecuniary benefit.