The Statement Concerning Agency Relationships Between Owners and Managers That

The statement concerning agency relationships between owners and managers that is incorrect is:

A) One way to reduce potential conflicts between owners and managers is to include bonuses based on profits in managers' remuneration packages
B) Monitoring is an activity undertaken by or on behalf of management
C) Owners may want cash dividends from the business but managers may prefer to retain cash for expansion
D) None of the above is incorrect, i.e., all are correct