Which one of the following statements is TRUE? O A classified board is one in which an announcement requesting applications for board members appears in the newspaper, O Management is said to be entrenched when the senior managers are consuming excessive perquisites. O Inside directors are more concerned with shareholders' interests since they are more closely concerned with firm operations. O In a classified board, it is easier for dissidents to gain representation since fewer seats are up for election each year. O It is harder for dissidents to gain board seats if a company's board is classified