A. Why should a financial decision maker such as a corporate treasurer or CFO be concerned with market efficiency? Kenapa pembuat keputusan kewangan seperti pegawai kewangan korporat sebuah syarikat amat prihatin terhadap kecekapan pasaran? (3 marks/markah) B. Suppose your cousin invests in the stock market and doubles her money in a single year, while the market, on average, earned a return of only about 15%. Is your cousin's performance a violation of market efficiency? Andaikan sepupu anda melabur dalam pasaran saham dan telah menggandakan duitnya dalam satu tahun sementara pasaran secara purata memberi pulangan sebanyak 15\%. Adakah tindakan sepupu anda melanggar hipotesis kecekapan pasaran? (2 marks/markah) a) What should be the goal of the financial manager of a corporation? Why? (5 marks) b) Suppose Sultana own 500 shares of HCL stock which you intend to sell today. Since Sultana will sell it in the secondary market, HCL will receive no direct cash flows as a consequence of your sale. Why, then, should HCL's management care about the price you get for your shares? (5 marks) A. List and briefly describe the THREE (3) basic questions addressed by a financial manager. (6 marks) B. What should be the goal of the financial manager of a corporation? Explain your answer. (4 marks) C. If the corporate form of business organization has so many advantages over the sole proprietorship, why is it so common for small businesses to initially be formed as sole proprietorships? (5 marks) C. Who owns a corporation? Describe the process whereby the owners control the firm's management. What is the main reason that an agency relationship exists in the corporate form of organization? In this context, what kinds of problems can arise? Siapakah pemilik sebuah syarikat?Huraikan proses bagaimana pemilik syarikat mengawal pengurusan syarikat itu? Nyatakan sebab hubungan agensi timbul dalam sebuah syarikat. Dalam aspek ini apakah jenis masalah yang timbul? (5 marks/markah)