True or False (If it's False, please state the reason, thank you!)

Sales forecasting accuracy is usually lowest during a venture's development stage in its life cycle

Staged financing is financing provided in sequences of rounds rather than all at one time

The VOS Indicator provides both qualitative and quantitative information about a venture's commercial potential

The equity multiplier is considered an efficiency ratio

An American-style option is an option that can be exercised only at the expiration date

All of the scenarios in a multiple scenario analysis must have exit cash flows in the same year

The maximum dividend valuation method involves explicitly forecasted dividends to provide surplus cash which is positive

If a venture issues debt prior to the exit period, the initial equity investors will still receive first claims on the venture's net worth at exit time

Net cash burn occurs when the sum of cash flows from operations and investing is positive

The "constant-ratio forecasting method" is a variant of the "percent-of-sales forecasting method."