Which of the following statements is not correct about agency relationships?

Group of answer choices

a. An agency problem occurs when the agent (management) makes decisions that are in the best interest of principals (owners).

b. An example of agency issues are perquisites such as luxurious offices, use of corporate jets.

c. Agency problems occurs when managers pursue their own agendas such as higher salaries and more power.

d. Managerial incentives that are tied to the firms performance is a good solution for agency issue.