Consider each scenario independent of the others:

1) if revenue decreases, return on investment will _____

2) if expenses increase, return in investment will _____

3) if a company uses net book value to calculate average operating assets, no new depreciable assets are purchased, and existing depreciable assets are not yet fully depreciated, return on investment will _______.

4) True or false

The payback method of evaluating capital budget decisions utilizes net present value