8. Is "net change in cash" the same as "free cash flow"? a. Yes, they are always the same b. No, they are never the same c. Sometimes; they are the same if the firm doesn't have debt and doesn't sell or buy back shares d. Sometimes; they are the same if the firm doesn't pay taxes e. Sometimes; they are the same if the firm has only equity and no debt 9. Free cash flow is important because a. It represents the cash available to all investors for a given time period (b) It represents the cash available to the firm for the firm to continue to grow c. It represents the cash a firm has available to buy fixed assets d. It represents the flow of cash that is coming into the firm in the form of sales e. If the firm has negative free cash flow, it signals that the firm will go bankrupt 10. Which of the following statement is most accurate? a. Accounting is important for finance because the firm will likely be the same in the future as i was in the past b. Accounting is not that important for finance because the past does not predict the future c. Finance tells us how the firm performed in the past and how it will perform in the future d. Finance uses accounting, economics, and management to determine the value of a firm e. Everyone should major in finance because it is the most important part of business