1. Apple lCorporation requires its top managers to own shares of stock in Apple equal in 1l.-'alue to three times their annual salary. Explain what problem Apple is trying to solve with this requirement. and explain whether this requirement does indeed solve the problem. 2. Restaurant waitersl'waitresses are paid largely in the tips they receive from customers rather than in wages directly from the restaurant owners. Why? What problem does this pay system solve. and how does it solve that problem? 3. The "Hiring an Attorney" question on p. 1910 of the textbook. 4. In which form of business ownership is the principalagent problem likely to be the greatest problem? Explain why. 5. Explain why sole proprietorships are the most~common form of business ownership