Part II. True / False Questions. Please circle True or False for the following and briefly describe why. 5.0 points each. Without supporting details and explanations, you will get only partial points. a) One danger of starting a proprietorship is that you may be exposed to personal liability if the business goes bankrupt. This problem would be avoided if you formed a partnership or a corporation to operate the business. True / False b) When measuring a company's costs, economists include both explicit and implicit costs, but accountants only include implicit costs. True / False c) Traditional financial managers can hold cash and buy stocks but may be restricted from using derivatives. True / False d) Samuel opens up a fantastic vodka stand for four hours. He spends $17 for fake vodka(?) and sells $89 worth of vodka. In the same four hours, he could have taught his idiotic neighbor, Shin, for $40. In this case, Samuel has an accounting profit of $57 and an economic profit of $40. True / False