1. True or False. Based on the image below, Cookie Monster is the shareholder of Cookie Management Company (France), and he is also the shareholder and owner of Sub 1 (Chocolate Chip Manufacturing Facility (Germany)).

1. 1. True.
   2. False.
2. True or False. We discussed in class the difference between Free-Cash-Flows Based Valuation model of a business and Dividends-Based Valuation Model. Free-Cash-Flow Based Valuation was looking at the cash that is free for the company after looking at the flow of cash into the company versus the flow of cash out of the business. True or False Free Cash Flow valuation results in a higher valuation.

1. True.
2. False.