5 AND BUDGETING May 25 Test 3 The GAAP x principle is the process that relates financial needs to financing requirements in terms of length of time (e.g., mortgage used to finance a house). Next page age ay 25 Test 3 What two key concepts are involved in investment decisions? Select one: a. time value and cash b. receipts and cash inflow cnet cash inflow and net cash receipts d. disbursements and cash outflow X Ne page re ue May 25 Test 3 What does the net present value calculation NOT take into consideration? of Select one: a. cash outflows b. the residual value of the project X c. cash inflows d. the level of risk tion Next pag JS page ENG USS PM 2021 05 Tue May 25 Test 3 What must the NPV be for a capital project to be favourable? of Select one: a. more than the return on assets b. positive c more than the IRR X d. negative tion Next us page Tue May 25 Test 3 Shareholders have two types of rights: legal X and specific ut of rights. tion Next pag