Question: 2. a. Describe the process that managers can be held accountable to maximize shareholder wealth and describe TWO market mechanisms that help to insure that

2.

a. Describe the process that managers can be held accountable to maximize shareholder

wealth and describe TWO market mechanisms that help to insure that managers will maximize

shareholder wealth.

b. Explain to your grandmother, a social activist, why maximizing shareholder wealth is an

ethical choice. (Hint: who are the majority of shareholders?)

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