1. First define the goal of financial management, then discuss WHY this goal is more important than any other....

2. Define the agency problem, and discuss how to resolve it from the perspective of a stockholder.

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The first question -- what is the primary goal of a firm; it is not PROFIT! yes profit is essential, but taking short-cuts or short-term focus on profits will not enable a firm to grow in value....

The agency problem is real, and even today is difficult to assess and to resolve -- you can be innovative here by discussing how to correct the agency problem.