Explain the meaning of stock appreciation rights in management, explain the divergence or convergence of the relationship between executive compensation and agent relationship, identify the categories through which sources of finance for managers in the executive position may be analyzed based on time factor, explain how the element of cost influences the choice of the source of finance, apply the peril of risk/uncertainty in explaining the choice of finance program by managers, and what are the expected effects, and what are the impacts of flexibility in the analysis of management funding. 1. Demonst 8. help explain the characteristic Residual claim on income in financial management when referring to ordinary shares 9. inform about the disadvantages and shortcomings of ordinary shares 10. what are cumulative preference shares?