10) Historical costs are useful in decision making only to the extent that they predict future 9.38pts costs True alse 11) Sunk costs are an irrelevant consideration in decision making. (9.37pts Orue alse 12) A dollar received today is worth less than a dollar received in the future. 09.38pm True OFalse 13) The present value of an investment is the amount an investor is willing to pay to secure a 937pt specified cash flow on a future date at a given rate of return alse 14) In considering a special order situation that will enable a company to make use of presently idle 9.38pt capacity, which of the following costs would be irrelevant? Materials Direct labor Variable overhead 5) Which of the following considerations is not a major concern in calculating the net present vallue 937pt of an investment? The timing of cash flows The amount of cash flows Net income generated by the The cost of capital. 16) In general, an investment should be undertaken when: (9.38pts the net present value is less than zero. the net present value is greater than zero. the net present value is greater than the internal rate of return. Both Band C