5. Which of the following is an advantage of a corporation over another type of business entity? a. A corporation reduces individual control of a business operated by managers. b. A corporation requires substantial costs of meeting the requirements of corporate formation and operation. c. A corporation is considered a person for most purposes under the U.S. Constitution. FINC 245-Regulations for Accounting and Financial Professionals Summer Session 2022 d. A corporate shareholder's exposure to corporate liabilities is not limited to his/her investment