True/False: As a general rule, good financial management requires that management pay payables quickly, and allow receivables to remain outstanding for long periods of time.

True/False: Financial leverage is a measure of a firm's debt. The lower the debt, the higher the leverage, and the higher the risk to investors.

True/False: According to agency theory, managers are agents for stockholders and are tempted to act in their own interests rather than maximizing value.

True/False: An annuity due is a fixed payment that is paid/received at the end of a finite period.