Please answer those multiple choices.

HOCE. (20 P IN oints 1) Which of the following best describes why the Valuation Principle is a key concept in making financial decisions? A) It shows how to assign monetary value to intangibles such B) It allows fixed assets and liquid assets to be valued C) It gives a good indication of the net worth of a person, item, as good health and well-being. correctly or company and can be used to estimate any changes in that net worth. D) It shows how to make the costs and benefits of a decision comparable so that we can weigh them properly 2) Joe is a general partner in a limited partnership firm, while Jane is a limited partner in the same firm. Which of the following statements regarding their respective relationships to the firm is correct? A) Joe has no management authority within the partnership. of the firm. investment in the firm. partnership 3) Which of the following should be true for an asset to be B) Jane is legally involved in the managerial decision making C) Jane's liability for the firm's debts consists solely of her D) Withdrawal of Jane from the partnership will dissolve the considered liquid? A) It pays regular dividends. B) It can be bought and sold at an organized stock market or C) It is offered for sale on both primary and secondary D) It can be casily bought and sold and the selling price is very bourse markets. close to the buying price at a given point in time. 4) Why is a stock exchange like NASDAQ considered a secondary market? A) It trades the second largest volume of shares in the world. B) Shares sold on it are exchanged between investors without y involvement of the issuing corporation. an ask prices do not get too far apart. considered a primary market. C) The exchange has rules that attempt to ensure that bid and D) NASDAQ is called a secondary market because NYSE is