15. Which of the following is considered an advantage of the corporate form of business organization? a. Limited liability of owners. b. Ease of transferring ownership. C. Ability to raise large amounts of capital. d. All of the above. 16. Which of the following is considered to be a disadvantage of the sole proprietorship form of business organization? a. Limited ability to raise capital. b. Life is limited to that of the owner. c. Unlimited liability of business owners. d. All of the above. 17. Which of the following is an advantage of the partnership form of business organization? a. Limited liability of business owners. b. Low cost of formation. c. Easy ability to raise capital. d. All of the above 18. As a company's management accountant you would :- a. Be involved in the yearly reporting of financial performance. b. Prepare plans and forecasts for the future activities of the business. c. Be primarily concerned with the reporting of past data. d. Be primarily concerned with providing information to shareholders on how management are doing. 19. The primary objective of management accounting is: a. to provide shareholders and potential investors with useful information for decision-making. b. to provide banks and other creditors with information useful for credit decisions. c. to provide management with information useful for planning and control of operations. d. to provide the tax authorities with information about taxable income