1. The book value is derived by subtracting the total liabilities of a company from its total assets. (True / False)
2. The tools used for valuation can vary among evaluators, businesses, and industries. (True / False)
3. The main difference between the discounted cash flow method and the profit multiplier method is that it takes inflation into consideration to calculate the present value. (True / False)
4. Valuation is the process of estimating how a business will performed in the future. (True / False)