Which statement below is incorrect?

Select one:

A. Compared to interview, survey is more suitable to ask standardised questions.

B. If a firm has more intangible assets, according to the trade-off theory, it is more likely to have a higher leverage.

C. If a firm is more profitable, according to the pecking order theory, it should use less debt for financing.

D. The CAPM model implies that a stock with a higher beta has a higher return on average.