What are agency problems? (a) Conflicts between management and government agencies b) Conflicts among shareholders concerning selection of management (c) Conflicts between managers and shareholders due to different objectives (d) Problems associated with correct choice of projects to invest (e) Conflicts between shareholders and government agencies Which of the following statement is correct? (a) Sole proprietors are protected by limited liability (b) Corporations might have unlimited life span ) Partnerships are most important type of business organizations in terms of their size (d) All partners in partnerships have unlimited liability (e) Ownership transfer for corporations is harder than for sole proprietorships Which of those decisions is a capital budgeting decision? (a) Decision to finance a new project through debt 6) Decision to reduce an imbalance between accounts payable and accounts receivable Decision not to pay dividends this year (d) Decision to develop a new company's logo (e) Decision to do an IPO