Financial Management Assignment
Respond to the following five questions. Write your responses in a Word document, and number them 1-5.
1. Define the terms finance and financial management. What are the major sub-areas of finance?
2. Identify and define the three basic forms of business ownership. Describe the advantages and disadvantages of each.
3. Define the terms agency relationship and agency problem. Explain three different approaches to minimizing the agency problem.
4. Explain why ethical behavior is so important in the field of finance.
5. Explain the concept of shareholder wealth maximization. Is there a conflict between the goal of shareholder wealth maximization and the financial manager's need to act in an ethical manner? Why or why not?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.