Which capital project analysis method(s) uses the time value of money? I. Net present value II. Accounting rate of return III. Payback period IV. Internal rate of return I and IV O I, II, and IV Ol only Il and 111 D Question 10 2 pts Which of the following statements is not true? A variance is the difference between what actually happened and what was expected to happen based on the budget For performance evaluation purposes, a flexible budget is based on the planned level of activity. Process costing is used when large amounts of very similar products are produced Good decision making includes the consideration of qualitative factors