Which of the following key decisions is a financial manager unlikely to make?

I.

How much finance should be invested in a project

II.

What production method should be use for a new project

III.

How much finance should be raised

IV.

What type of finance should be raised

Which of the following is not true with respect to the Accounting Rate of Return (ARR)?

	I.	The hurdle rate is arbitrary
	II.	It is based on accounting concepts such as accounting profit and depreciation
	III.	It takes account of the time value of money
	IV.	The definition of both profit and capital can be somewhat arbitrary and variab