b$.$

Market interest rates decline sharply.Which of the following statements is CORRECT?

a$.$

A good goal for a firm's management is maximization of expected EPS.

b$.$

Most business in the U$.$S$.$ is conducted by corporations, and corporations' popularity results primarily from their favorable tax treatment.

c$.$

Because most stock ownership is concentrated in the hands of a relatively small segment of society, firms' actions to maximize their stock prices have little benefit to society.

d$.$

Corporations and partnerships have an advantage over proprietorships because a sole proprietor is exposed to unlimited liability, but the liability of all investors in the other types of businesses is more limited$.$

e

The potential exists for agency conflicts between stockholders and managers.

Please explain your answer to get full credit for this question.