1. The focus of financial accounting is on an organization's projects, processes, and subdivisions, and the focus of managerial accounting is on the whole organization. True False 2. N investments considers the time value of money True False either the payback period nor the accounting rate of return methods of evaluating 3. Significant sunk costs are relevant to decisions about the future. True False . The accounting rate of return uses cash flows in its calculation. True False 4 5. Although direct labor and raw materials costs are treated as manufacturing costs and therefore make up part of the finished goods inventory cost, factory overhead is charged to expense as it is incurred because it is a period cost. True False 6. The decision to accept an additional volume of business should be based on a comparison of the revenue from the additional business with the sunk costs of producing that revenue. True False 7. Managerial accounting is an activity that provides financial and nonfinancial information to an organization's managers and other internal decision makers. True False 8. Capital budgeting is the process of analyzing alternative long-term investments and deciding which assets to acquire or sell. True False 9. All capital investment evaluation methods use the time value of money concept. True False (ver. # 1) 1