Which of the following statements is true with respect to the impact of COVID-19 and the resulting social lock-down?

1. Budgets should be reviewed constantly

2. All statements are false

3. Budgets should be left unchanged for 2020 for performance appraisal purposes

4. For reviewing trends in financial information, COVID-19 should not be considered

5. COVID-19 will have no impact on any long-term capital decisions