Please provide the references or websites for the examples and arguments use in answering the questions below. Thanks.

(b) Does agency cost occur in all 3 legal forms of businesses (i.e., sole-trader, partnership, and company)? Why or why not? Discuss. [4 marks] (c) We have covered the three main roles of financial managers (capital budgeting, financing decision and working capital management). Please have a thought on these roles. How can agency costs occur during a manager undertaking each of these roles? Can you give any examples? [6 marks]