• : Define the terms finance and financial management, and identify the major sub-areas of finance.
• : Describe the nature of risk.
• Question 2:: "What are the three basic forms of business ownership? What are the advantages and disadvantages to each?" .
• Discuss the advantages and disadvantages of each of the three basic forms of business ownership to access capital.
• Question 3:: Define the terms agency relationship and agency problem, and list the three approaches to minimize the conflict of interest resulting from the agency problem.
• : Describe the role of corporate governance.
• Question 4: "Why is ethical behavior so important in the field of finance?"
• Provide examples of financial scandals.
• Question 5:"Does the goal of shareholder wealth maximization conflict with behaving ethically? Explain" (Cornett, Adair, & Nofsinger, 2016, p. 21).
• Explain the meaning of Adam Smith's term, invisible hand.