Step 1: Approach
Pick the statement that contradicts the photon picture of light.
Step 2: Elimination
Statements a, b and d all match Einstein's photoelectric equation and observations.
Step 3: Why the other options fail
Option (A) d, option (C) a and option (D) b are correct statements, so they cannot be the answer. Only statement c, option (B), is wrong, since the photocurrent grows with intensity.
Final Answer:
Statement c is the one that is not true.
\[ \boxed{\text{(B) }\text{c}} \]