Which One of the Following Statements Is TRUE

Multiple Choice

Which one of the following statements is TRUE?

A) A manager not closing a factory that is losing money but which is in his hometown is an example of a manager-shareholder conflict.
B) Management is said to be entrenched when the senior managers are consuming excessive perquisites
C) A company's matching contribution to a retirement plan is a nonpecuniary benefit.
D) Company sponsorship of a local charity is an example of a nonpecuniary benefit.
E) A manager/shareholder agency conflict arises when shareholders sell their stock even though management says the stock is undervalued.