Modified TRUE or FALSE Write TRUE, if statement is CORRECT; . If statement is False, MODIFY the underlined word/phrase to make the statement True. Write your answer on the space provided before each item. 1. Shared capital is provided by stockholders. 2. Study of investments is concerned with creation of financial asset markets for trading securities, and the regulations of financial markets. 3. Financing decision involves generating funds internally or from external sources. 4. Capital budgeting concerns the planning and managing of the firm's long-term investments. 5. Working capital management refers to the administration of the firm's long-term assets, including inventory. Industrial partner shares work, labor or industry to the business. 7. Limited partners are liable for business debts only to the extent of their capital contributions. 8. Stock corporation is an entity where the capital is in the form of shares by investors. 9. Open corporation is limited to selected persons or members of the family, as investors. 10. Proxy voting is the right of a stockholder to subscribe to all issues of shares in any class, in proportion to his shareholdings. 11. Straight voting is a procedure in which a shareholder may cast all votes for one member of the board of directors. 12. Par value shares refer to share of capital stock that has been assigned a definite or fixed value. 13. Cash dividend is paid when business will be sold off. 14. Ex-dividend date is two business days before the date of record, establishing those individuals entitled to a dividend 15. Date of payment is the date on which the board of directors signs a resolution to pay a dividend