Which of the following statements about limitations of a Close Corporation is FALSE? Select one: a. The inflexibility and formality of a close corporation makes it unsusceptible to fraud and unauthorised activities. b. The restriction on the number and the nature of membership can be a hindrance to expansion and prosperity. c. Decision-making may be slowed down by the fact that 75% of the members must consent before a decision can be implemented. d. It must prepare its financial statements in accordance with generally accepted accounting practice