SECTION A - TRUE FALSE 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) 1 2 3 4 5 6 7 8 9 10 Question Answer Score 1. The goal of the fim is the maximization of returns. 2. Maximization of shareholders' wealth is the most appropriate goal of the fim. 3. The Future value of a sum of money is the value of the sum today. 4. The PVIF of annuity is not the same as the PVIF of a lump sum of money. 5. The value of money is not affected by time. 6. The future value of an annuity due is the same as that of an ordinary annuity. 7. Management of a corporation acts as an agent for its shareholders. 8. All the partners in a partnership firm are required to be limited partners. 9. Interest paid or eared on only the principal amount borrowed or lent is called the compound interest 10. In a modern corporation there is no separation between owners and managers. Page 2 of 6