Question $1$

Lumber produced in a lumber mill results in several different products being produced from each log; such products are called joint products.

true

False

Question $2$

Future costs that do not differ between the alternatives in a decision are avoidable costs.

True

False

Question $3$

When the internal rate of return method is used to rank investment proposals, the lower the internal rate of return, the more desirable the investment.

True

False