1. In your own words, describe what corporate finance is. Who owns a corporation? What are some key terms associated with corporate or managerial finance? What are the three main areas of concern in corporate finance?

2. Can the goal of maximizing the value of the stock conflict with other goals, such as avoiding unethical or illegal behavior? In particular, do you think subjects like customer and employee safety, the environment, and the general good of society fit in this framework, or are they essentially ignored? Think of some specific scenarios to illustrate your answer.