1. (20 points) Indicate whether each statement is true or false. Each statement carries a value of 2 points, and there are a total of 10 statements, resulting in a maximum of 20 points. 15 Feceive full credit, you must a. In sole proprietorships, the owner has limited personal liability for the firm's debts. False True b. In limited liability companies, owners are liable for the firm's debts. True False c. In the United States, limited liability companies are subject to double taxation. True False d. Corporations, as legal entities, bear liability for their own obligations. False True e. In corporations, owners are typically not involved in managerial roles. True False f. After an initial public offering (IPO), a corporation's shares continue to be traded on the primary market. True False g. The ask price is the price at which a market maker is willing to buy a security. True False h. The primary role of commercial banks is to help companies raise capital by facilitating the issuance o