1. What is consumer materialism and what are some of the ways it influences consumer behavior in Western cultures?
2. What types of plans and decisions most likely require board of director involvement, and why? What types of decisions and plans are not appropriate for board involvement, and why?
3. Making recourse to the concepts developed by Fama and Jensen, explain what is separation of ownership and control, what costs and benefits it entails, and under what circumstances is it likely to exist.