Which of the following is true about corporate structure changes in the US in the 19th century?
O The creation of limited liability and the corporation removed major obstacles to business growth
O General incorporation acts (like the one in Connecticut in 1837) tended to increase corruption and political favoritism
O The Waltham System was rejected by most companies because it proved impractical
O Corporate structure changes were few and far between during this time
O The partnership was gradually replaced by the sole proprietorship in most businesses during this time