This exam test is written to expose managers in practice, experts, professionals and students to the reality of applying the concepts of managerial finance
What is the goal of the Financial Manager? - To maximize shareholder wealth
-should be at least
Sometimes the goals can be corrupted by personal interest
-jets, houses, cars
-get more money
What is The Agency Problem? - The possibility of conflict of interest between the
stockholders/shareholders and management
Controlling The Agency Problem: How to control the problem between shareholders and
management - Alignment of interest
-Give stock options
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