QUESTION $3(25$ MARKS$)$

a$)$ Discuss the importance of financial management to all managers in a corporation.

$(5$ marks$)$

b$)$ Explain FIVE $(5)$ advantages of the organizational forms a company might have as it evolves from a start$-$up to a major corporation.

$(10$ marks$)$

c$)$ Distinguish between shareholder and stakeholder theories.

$(10$ marks$)$