Which of the following statements is incorrect? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.

a In a corporation, shareholders' ownership and managers' control are separated. b Maximizing the shareholder wealth is the main objective of a manager, but she/he sometimes strays from this goal due to agency problems. c The "bid" price is the price at which dealers buy securities and is lower than the "ask" price. d Shareholders of a corporation have limited liability.