INSTRUCTION: Read each statement carefully and determine whether the statement is true or false. Please fill in the answers in the table given below by writing T for true or F for false in the space provided. (Rubrics: 1 mark for each correct answer, for 10 statements, total mark is 10) 2 3 4 5 6 7 8 9 10 Question 1 Answer Score 1. The goal of the firm is the minimization of returns 2. Maximization of shareholders' wealth is the goal of the firm. 3. Future value of a sum of money is the value of the sum today. 4. The PVIF of annuity is the same as the PVIF of a lump sum of money. 5. The value of money is not affected by time. 6. Time is not of any importance in financial calculations and as such should not be considered. 7. Management acts as an agent for its self. 8. An agent is an individual authorized by another person called the principal to act in the latter's behalf. 9. The objective of profit maximization is superior to that of wealth maximization. 10. In a modern corporation there is no separation between owners and managers