The calculation of Operating profit does not include the following item: a. Administrative expenses b. Selling expenses O c. Commission received O d. Gross Profit Identify the wrong statement about Shareholders and their impact to corporate objectives: a. None of these O b. Shareholders receive the appreciation of the company's value O C. The voting power of the shareholders is equal to the percentage of shares they own O d. The board of directors' makeup is voted by managers of the company