Which of the following statement is incorrect? O Most of the answers are correct. O It is more likely that a financial crisis similar to the 2008 may happen if the housing prices go up much more quickly than personal income. O The non-manager workers, creditors, suppliers, customers, and members of the community where the business is located are called stakeholders who are people who have a "stake" in the business. O Cash outflows expected sooner result in a higher stock price. O Corporations are legal entities separate from their owners unlike proprietorships and partnerships. Which of the following statement is incorrect? O A controller is responsible for cost accounting, financial accounting, and information system activities. O Most of the answers are correct. O In a corporation, the board of directors look out for the interests of the stockholders. O The government-sponsored enterprises known as federal reserve bank and FDIC bought many of the sub-prime mortgages and bundled them into mortgage-backed securities. O Other stakeholders whose interests are often considered in financial decisions include employees, customers, and members of the communities in which the firm's plants are located. Which of the following statement is incorrect? O When the financial decisions are not consistent with the best interests of the stockholders, then there is a violation of the agent-principal relationship and an agency problem exists. O Most of the answers are correct. If a managing director uses a private jet even though the common stockholders do not receive enous value because private jet is too costly to the corporation, then there is no agency problem. O Corporations are legal entities separate from their owners unlike proprietorships and partnerships. O Cash inflows expected sooner result in a higher stock price