industry average and thus indicates an inefficient utilization of assets. Question 9 (4 points) Which of the following is NOT true? The primary reason for the agency problem between the stockholders and creditors is because of the separation of ownership and management The advantages of the corporate form of organization over both sole proprietorships and partnerships include limited liability and permanency. Protective covenants in a company's bond indentures are used in agency relationships involving stockholders and creditors. Tho shareholder wealth maximization goal states that management should soek to maximize the present value of the pocted future roturns to the owners of the firm Question 10 (4 points 3offeries Group has offered you the following investment opportunity $9,500 at the end of each year for the first 6 years. $12,500 at the end of each year from year 7 through 11 FS FE F7 FB FO FIO F11 F12 nen Pre 2