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Which of the following statements is false? O a. A corporation is the cheapest way to operate a business. O b. Preferred share give shareholders

Which of the following statements is false? O a. A corporation is the cheapest way to operate a business. O b. Preferred share give shareholders preferences over other classes of shares. This can be in relation to dividend entitlements or payments on liquidation of the corporation. O c. If shareholders want to change something in a corporation, they must vote to change the directors of the corporation and hope those directors implement new changes. O d. One of the disadvantages of sole proprietorships is that there is no tax planning opportunities. You must declare everything you earn in the year it is earned. e. Sole proprietorships and partnerships have unlimited personal liability

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