TIME: 2 HOURS Answer Booklet. TION 1 (13 Marks) Discuss THREE (3) primary disadvantages and advantages of the sole proprietorship? a, (6 marks) b. Who owns a corporation? Describe the process whereby the owners control the firm's management. What is the main reason that an agency relationship exists in the corporation form of organization? (3 marks) Discuss how the management managing their managers to solve the problem between agency and the owner. c. (4 marks) QUESTION 2 (21 Marks)