QUESTION 12 Capital budgeting involves O budgeting for yearly operational expenses O evaluating various long-term investments O analyzing various alternatives of financing available to a company O preparing the sales budget for the coming year QUESTION 13 Capital budgeting methods which incorporate the time value of money include the net present value method O payback method average rate of return O accounting rate of return QUESTION 14 Companies in which owners or top executives make all of the planning, directing and controlling decisions are Odecentralized O formalized O segmented O centralized companies