16. Which of the following types of firms does NOT have limited liability? A. sole proprietorships B. corporations C. limited partnerships D. none of the above 17. Which of the following statements is FALSE about interest rates? A. The annual percentage rate indicates the amount of simple interest earned in one year. B. The annual percentage rate indicates the amount of interest including the effect of compounding C. As interest rates may be quoted for different time intervals, it is often necessary to adjust the interest rate to a time period that matches that of cash flows. D. The effective annual rate indicates the amount of interest that will be earned at the end of one year