Problem
1. What are the main functions of financial managers?
2. Why is shareholder wealth maximization a better operating goal than profit maximization?
3. What are the issues in the conflict of interest between stockholders and managers and how can they be resolved?
4. What are the potential conflicts of interest between shareholders and bondholders and how can they be resolved?
5. What is the nature of the risk-return tradeoff faced in financial decision making?
6. What opportunities and threats are created for financial managers by increased international competition?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.