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6. Goal of Financial Management [LO2] What goal should always motivate the actions of a fi rms fi nancial manager? 7. Agency Problems [LO4] Who

6. Goal of Financial Management [LO2] What goal should always motivate the actions of a fi rms fi nancial manager?

7. Agency Problems [LO4] Who owns a corporation? Describe the process whereby the owners control the fi rms management. What is the main reason that an agency relationship exists in the corporate form of organization? In this context, what kinds of problems can arise?

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