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Which of the following is/are true ? I. The advantages of the corporate form of organization over both sole proprietorships and partnerships include limited liability

Which of the following is/are true? I. The advantages of the corporate form of organization over both sole proprietorships and partnerships include limited liability and permanency. II. Good corporate governance and properly designed managerial compensation can be used to reslove the agency problem involving stockholders and managers. III. The disadvantages of sole proprietorships and partnerships include ulimited liability and limited capital access.

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