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) An agent is an individual authorized by another person called the principal to act in the latter's behalf. 2) Future value of a sum of money is the value of the sum today. 3) In a modern corporation there is no separation between owners and managers. 4) Management acts as an agent for its self. 5) Maximization of shareholders' wealth is the goal of the firm. 6) The goal of the firm is the minimization of returns 7) The objective of profit maximization is inferior to that of wealth maximization. 8) The PVIF of annuity due is not the same as that of an ordinary annuity. 9) The PVIF of annuity is the same as the PVIF of a lump sum of money. 10) Time is important in financial calculations and as such should be considered./