Spring 2018 ame MULTIPLE CHOICE. Choose the one alternative that best completes the state question 1) Which of the following best describes why the Valuation Principle is a key concept in decisions? (1) making financial weigh them A) It shows how to make the costs and benefits of a decision comparable so that we can properly B) It shows how to assign monetary value to intangibles such as good health and well-being C) It allows fixed assets and liquid assets to be valued correctly. D) It gives a good indication of the net worth of a person, item, or company and can be used to estimate any changes in that net worth. 2)Jle s general partner in a limited partnership firm, while lane is alimited parther in that same firm of the following statements regarding their respective relationships to the firm are correct?2) A) Jane's liability for the firm's debts consists solely of her investment in the firm. B) Jane is legally involved in the managerial decision making of the firm. O) Withdrawal of Jane from the partnership will dissolve that partnership. D) Joe has no management authority within the partnership. 3) Whose interests should a financial manager consider paramount when making a decision