The time expected to pass before the net cash flows from an investment equals its initial cost is called: the accounting rate of return. the net present value. the payback period. None of these answer choices is correct. Which of the following would be an example of a direct expense? An expense that is traceable to the company as a whole. An expense that is traceable to a sole department. An expense that is identifiable as controllable. An expense that does not change with the volume of activity: Which of the following is a method of evaluating capital budgeting decisions? Accounting rate of returi Payback period. Net present value. All of these