34. During the depression era of the 1930s, the emphasis of managerial finance was developing sophisticated analytical models used to determine the liquidity and value of firms. a. True b. False 35. If you pursue a business career in a nonfinance profession you will not be exposed to finance concepts on the job. a. True b. False 36. Much of the recent legislation enacted by the government has focused on the regulating of previously unregulated industries such as financial services and utilities. a. True b. False 37. The three main functions in the investments area are sales, the decisions that firms make concerning their cash flows, and determining the optimal mix of securities for a given investor. a. True b. False 38. The well-developed financial markets that exist in the United States have allowed us to achieve a higher standard of living than would otherwise be possible. a. True b. False