Which one of the following statements is TRUE? a. Company sponsorship of a local charity is an example of a nonpecuniary benefit.b. Since outside directors have no other connection with the firm, they are indebted to the CEO for putting them on the board.c. An inside director is a board member who also holds a managerial position in the company. d. In a classified board, it is easier for dissidents to gain representation since fewer seats are up for election each year.