Answer the following True/False questions:

1. an advantage of the break even time method over the payback period method is that it recognizes the time value of money. T/F

2. Neither the payback nor the accounting rate of return methods of evaluating investments considers time value of money. T/F

3. Decision to accept an additional volue of business should be based on a conparison of the revenue from the additional business with the sunk costs of producing that revenue. T/F

4. Evaluation of the performance of managers of profit center assumes that the managers can control or influenece both costs and revenue generation. T/F

5. Another name for the relevant cost is unavoidable cost. T/F