Which of the following statements is CORRECT? Select one: O A It is generally more expensive to form a proprietorship than a corporation because, with a proprietorship, extensive legal documents are required. OB. Corporations face fewer regulations than sole proprietorships. OC One disadvantage of operating a business as a sole proprietorship is that the firm is subject to double taxation, at both the firm level and the owner level. OD. One advantage of forming a corporation is that equity investors are usually exposed to less liability than in a regular partnership O E If a regular partnership goes bankrupt, each partner is exposed to liabilities only up to the amount of his or her investment in the business Which of the following statements is CORRECT? Select one O a. The financial manager's proper goal should be to attempt to maximize the firm's expected cash flows, since that will add the most to the individual shareholders' Wealth Ob. The financial manager should seek that combination of assets, liabilities, and capital that will generate the largest expected projected after-tax income over the coming year Oc. The financial manager's proper goal should be to minimize the riskiness inherent in a firm's earnings per share (EPS) Od. The most important goal for the financial manager should be to attempt to maximize the firm's total profits and as a result create more to the individual shareholders' wealth e: The primary goal of the financial manager is to increase firm value, thereby creating wealth for shareholders. Shareholders are likely to measure this by monitoring share price