Which one of the following statements is TRUE? a. 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. b. A quarter-end bonus is an example of a nonpecuniary benefit. c. A supplier substituting a lower-quality raw material without approval is an example of asset switching. d. Personal use of the corporate jet is an example of a nonpecuniary benefit. e. An agency conflict between inside owners/managers and outside owners occurs when the outside owners sell their shares to someone else.