(12, LO1) A disadvantage of the cash payback techrique is that it Select one: a. ignores obsolescence factors. b. ignores the cost of an investment. c. is complicated to use. d. ignores the time value of money. A static budget is: Select one: a. compared to a flexible budget in a budget report b. the best tool to evaluate a manager's effectiveness in controlling costs c. a projection of budget data at a single level of activity d. a projection of budget data at several levels of activity e. none of these is correct