QUESTION 17 Which of the following is a disadvantage of the cash payback technique? A. It is difficult to calculate B. It relies on the time value of money OC. It can only be calculated when there are equal annual net cash flows OD. It ignores the expected profitability of a project QUESTION 18 Using the negotiated transfer pricing approach, a minimum transfer price is established by the selling division. True OFalse QUESTION 19 Order, using the numbers 1 - 4, the four steps in the Capital budget authorization process. Officers determine which projects are worthy of funding A. Step 1 Project proposals are requested from departments and B. Step 2 authorized personnel C. Step 3 Proposals are screened by a capital budget committee D. Step 4 Board of directors approves capital budget QUESTION 20 The method of project selection that brings the time value of money into capital investment analysis is the OA. rate of return on initial investment. OB. net present value method. OC. payback method. OD. accounting rate-of-return method