Question 1 a) Few months after been confirmed as the Chief Financial Officer of Sweet Ice Breweries Ltd, a beverage company located in Ghana, it has now been revealed to your office by the Human Resource Unit that some middle management staffs within the Marketing and Production departments are pursuing Masters Degree for the past one year without the knowledge of the firm. After a careful assessment of the financial statement of the firm, it was amazingly realized that the performance of the company especially in terms of revenue for the last one year has declined prior to the years the executive management staffs enrolled for their Masters program. This act by those managers reminds you of the agency problem between shareholders and management which you believe contributed to the fall in revenue. With the sole aim of maximizing shareholders wealth of Sweet Ice Breweries Ltd, you have been tasked by the CEO of the company to do the following: i) Assess two reasons why you think those managers were motivated to engage in the act of not informing the company prior to their schooling. EV (6) ii) Formulate four (4) practical guidelines that seeks to address the above agency problems which was exhibited by managers of the Marketing and Production Department. CR (8) b) Using relevant examples, explain why you expect managers and the staff of the organization to act in the interest of shareholders. AP (6) c) Justify how the efficiency of the financial market could influence the profitability of a firm.