Which of the following statements is incorrect? The risk manager monitors and manages the firm's risk exposure in financial and commodity markets and the firm's relationships with insurance providers. Privately held, or closely held, corporations are typically owned by a small number of investors, and their shares are not traded publicly. All the answers are correct except one. Capital budgeting is about determining how the firm should finance or pay for assets. One of the disadvantages of the sole proprietorship is related to the fact that the amount of equity capital that can be raised to finance the business is limited to the owner's personal wealth