which one of the following statements is true? a. management is said to be entrenched when senior managers are unlikely to be fired. b. company sponsorship of a local charity is an example of a nonpecuniary benefit. c. a manager/shareholder agency conflict arises when shareholders sell their stock even though management says the stock is undervalued. d. a manager/shareholder agency conflict arises when the board of directors pays a larger dividend than the firm's earnings could support. e. a company's matching contribution to a retirement plan is a nonpecuniary benefit.