Which of the following statements is correct? a. a hostile takeover is a primary method of transferring ownership interest in a corporation. b. the corporation is a legal entity created by the state and is a direct extension of the legal status of itsowners and managers, that is, the owners and managers are the corporation. c. unlimited liability and limited life are two key advantages of the corporate form over other forms ofbusiness organization. d. in part, due to limited liability and ease of ownership transfer, corporations have less trouble raisingmoney in financial markets than other organizational forms. e. although stockholders of the corporation are insulated by limited legal liability, the legal status of thecorporation does not protect the firm's managers in the same way.