Which of the following statement(s) is (are) FALSE? of a I. Profitability index method uses the net present value (NPV) in measuring the benefit of a project, and hence this method is reliable and works even when there are multiple resource constraints. II. When choosing among projects competing for the same resource (such as capital), the decision requires ranking of the proposed projects based on their profitability indices. III. Profitability index method works only when the capital resource is being restricted. IV. In a hypothetical world where all resources are unlimited, the profitability index method has no value. Select one: a. I and III b. I only c. ! II, III and IV d. I, II and III

Which of the following statement(s) is(are) FALSE? 1. Profitability index method uses the net present value (NPV) in measuring the benefit of a project, and hence this method is reliable and works even when there are multiple resource constraints. II. When choosing among projects competing for the same resource (such as capital), the decision requires ranking of the proposed projects based on their profitability indices. III. Profitability index method works only when the capital resource is being restricted. IV. In a hypothetical world where all resources are unlimited, the profitability index method has no value. Select one: a. I and III b. Ionly c. II, III and IV d. I, II and