Which of the following statements is CORRECT?

a$.$ The potential exists for agency conflicts between stockholders and managers.

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

c$.$ 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.

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

treatment.

e$.$ 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$.$