Which of the following statements is incorrect?

a. Starting a corporation is more costly than starting a sole proprietorship.

b. In a large corporation, the senior financial manager usually has the rank of vice president or senior vice president and goes by the title of chief financial officer, or CFO.

c.The financial manager's goal is to determine the combination of debt and equity that minimizes the cost of financing the firm.

d.The problem of unlimited liability is avoided for some partners in a general partnership because general partners can generally only lose the amount of money that they have invested in the business.

e.All the answers are correct except one.