Question 1 (Mandatory) (2.2 points) The overall goal of the financial manager is to: O maximize shareholder wealth. O maximize earnings per share. O maximize net income. O minimize total costs. Question 2 (Mandatory) (2.2 points) Which of the following is legal duty between two parties where one party must act in the interest of the other party? Fiduciary O Investment banker Angel investor O Agency theory Question 3 (Mandatory) (2.2 points) All of the following are reasons that one should be cautious in interpreting financial statements EXCEPT: O All of these are reasons to be cautious in interpreting financial statements. O Financial managers have quite a bit of latitude in using accounting rules to manage their reported earnings. It is difficult to compare two firms that use different depreciation methods. O Firms can take steps to over- or understate earnings at various times