What is the possible agency conflict between inside owner$/$managers and outside shareholders? indicate which answer is false.

Owner$/$managers benefit from higher wealth due to ownership, but they also benefit from the perks they consume, such as lavish offices, vacations, golf club memberships, etc.

If the owner$/$manager is the only manager, then the owner$/$manager bears full cost of the perks.

The owner$/$manager only owns part of the company, the owner$/$manager reaps all the benefits of the perks but the cost is shared by the outside shareholders.

Potential investors pay more for a minority interest in a company, as a result of the owner$/$manager relationship in a company.