Which of the following statements is most correct? In the context of corporate groups:

Select one:

a. Pyramiding is a disadvantage of group formation due to taxation effects.

b.Pyramiding refers to the formation of multi-tiered corporate groups.

c. Pyramiding refers to a scheme of defrauding investors by paying interest from capital.

d. Pyramiding represents an advantage of group formation because a company can control the value of all the subsidiarys assets with less than an equivalent outlay for the cost of shares.

2.The academic paper Brinckmann, Grichnik and Kapsa (2010):

Select one:

Reports that entrepreneurs benefit significantly more from business planning compared with established small business owners.

Discovers that business planning and performance is never significantly modified by cultural context.

Uses a meta-analysis of empirical studies on business planning and performance.

Makes an empirical study of one factory unit in Germany.