$1.$ The board of directors may grant $\_\_$ options to managers to align their interest with shareholders.

a$)$ call options

b$)$ put options

c$)$ none of the above

$2.$We would expect an activist shareholder to $\_\_\_$

a$)$ cut funding to projects that benefit managers but no shareholders.

b$)$ remove anti$-$takeover measures that protect a company's managers.

c$)$ do both

Please read the questions CAREFULLY and answer BOTH questions CORRECTLY. Any wrong answers will be DOWNVOTED. Thank you!