LO1 Describe the cycle of money, the participants in the cycle, and the common objective of borrowing and lending. LO2 Distinguish the four main areas of finance and briefly explain the financial activities that each encompasses. LO3 Explain the different ways of classifying financial markets. LO4 Discuss the three main categories of financial management. LO5 Identify the main objective of the finance manager and how he or she might meet that objective. LO6 Explain how the finance manager interacts with both internal and external players. LO7 Delineate the three main legal categories of business organizations and their respective advantages and disadvantages. LO8 Illustrate agency theory and the principal-agent problem. LO9 Define issues in corporate governance and business ethics.