The business entity that is typically the least expensive to form is the: Multiple Choice O limited liability company limited partnership. sole proprietorship. general partnership. joint stock company. Which one of the following actions by a financial manager creates an agency problem? Multiple Choice Agreeing to pay management bonuses based on the market value of the firm's stock Refusing to spend current cash on an unprofitable project Agreeing to expand the company at the expense of stockholders' value Borrowing money, when doing so creates value for the firm Lowering selling prices, which will result in increased firm value