Question 11 of 15 What is the order of involvement of the following parties in the capital budgeting authorization process? Select the correct response: Officers, plant managers, capital budget committee, board of directors Plant managers, officers, capital budget committee, board of directors Plant managers, capital budget committee, officers, board of directors Board of directors, plant managers, officers, capital budget committee Question 7 of 15 Which of the following is incorrect about the annual rate of return technique? Select the correct response: The accounting terms used are familiar to management The time value of money is considered. The calculation is simple. The timing of the cash inflows is not considered