True or False

TRUE 1. Value is the ‘worth’ of a thing.

FALSE 2. Price is defined as ‘resources sacrificed to produce or obtain a

thing, (a product or service).

FALSE 3. Cost is what is charged by a seller or provider of product or

service.

TRUE 4. Global/corporate investors have become highly demanding and are

extremely focused on maximizing corporate value.

TRUE 5. Valuation is the process of determining the economic value of a

business.

FALSE 6. Value can also be estimated, assessed, or determined by a

professional called ‘Valuation’.

FALSE 7. The process of determining value is called ‘Valuer’.

TRUE 8. Assets will include both the tangibles and intangibles.

TRUE 9. Liabilities will include both the apparent and contingent.

TRUE 10. The objective of any management today is to maximize corporate

value and shareholder wealth.