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Which One of the Following Statements Is TRUE

Question 40

Multiple Choice

Which one of the following statements is TRUE?


A) A manager/shareholder agency conflict arises when the manager's actions aren't in the company's best interest.
B) An agency problem occurs when an owner/manager sells stock to an outside investor and the owner/manager fears the outside investor will consume too many perquisites.
C) An agency conflict between inside owners/managers and outside owners occurs when the outside owners sell their shares to someone else.
D) A quarter-end bonus is an example of a nonpecuniary benefit.
E) A company's matching contribution to a retirement plan is a nonpecuniary benefit.

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