Which of the following is NOT true? The primary reason for the agency problem between the stockholders and creditors is because of the separation of ownership and management, The advantages of the corporate form of organization over both sole proprietorships and partnerships include limited liability and permanency, The shareholder wealth maximization goal states that management should seek to maximize the present value of the expected future returns to the owners of the firm. Protective covenants in a company's bond indentures are used in agency relationships involving stockholders and creditors