Except multiple choice questions, show me all the procedures. 1. The primary goal of a financial manager should be to (2 points) a. minimize operating costs b. minimize interest payments c. minimize tax payments d. maximize operating income each year e. maximize shareholders' wealth 2. 3. Agency theory would imply that conflicts are more likely to occur between management and shareholders when (2 points) A) B) the CEO has big ownership of the companies. management acts in the best interests of maximizing long-term shareholder wealth. C) the chairman of the board is also the chief executive officer (CEO). D) the board of directors exerts strong and involved oversight of management. All else equal, in which of the following forms of business would the possibility of an agency problem between shareholders and managers be the greatest? points) a. An U.S. corporation with widely dispersed ownership. b. A proprietorship. c. A partnership in which all the partners share management and decision-making responsibilities equally. d. A foreign corporation with concentrated ownership that is relatively few owners. 4. The increasing percentage ownership of public corporations by institutional investors has (2 points) had no effect on corporate management. created lower returns for the stock market in general. A) B) C) created more pressure on public companies to manage their firms more efficiently. D) increased more opportunistic behavior of the managers. (2