Knowledge Check 01 In situations where no revenues are involved, which of the following is the most desirable alternative? O Total-cost approach O Incremental-cost approach O Least-cost decisions Knowledge Check 01 Which of the following is NOT another term used to describe preference decision making? O Rationing decisions Screening decisions Ranking decisions Knowledge Check 01 When using the internal rate of return method to rank competing investment projects, an investment that has an internal rate of return of 20% is than an investment that has an internal rate of return of 17%. more desirable less desirable cannot determine