Which of the following capital budgeting analysis methods consider the time value of money! 1. Payback Period II. Internal Rate of Return III. Accounting Rate of Return IV. Net Present Value II and IV I and II II, III, and IV II and III Which of the following is false about standards? Standards are useful in budgeting, as they are often used as the basis for many components in the master budget. When developing standards, you should focus only on information about the future. The costliness of keeping standards up to date is a disadvantage of using them. Direct labor standards are becoming less relevant to many companies due to the shift towards automated production processes