aran Sargent Attempt 1 Question 3 (12 points) The Primary Objective of a Corporation and the Opportunity Cost of Capital (First, briefly define the concept of "limited liability" in a corporate form of business organization and why this is an important feature compared to "unlimited liability" in a sole proprietorship. Next, briefly define the primary objective of the firm, that is, what is the basic goal of a financial manager in a corporate form of business? Finally, briefly define the concept of the opportunity cost of capital). Question 4 (1 point)