Which of the following statements is CORRECT?

*A good goal for a firm's management is maximization of expected EPS.

* Most business in the U.S. is conducted by corporations, and corporations' popularity results primarily from their favorable tax treatment.

* Because most stock ownership is concentrated in the hands of a relatively small segment of society, firms' actions to maximize their stock prices have little benefit to society.

* Corporations and partnerships have an advantage over proprietorships because a sole proprietor is exposed to unlimited liability, but the liability of all investors in the other types of businesses is more limited.

* The potential exists for agency conflicts between stockholders and managers.