10- Activity-based liability accounting employs dynamic standards and emphasizes and supports continuous improvement. True

False

12- The total environmental cost is the allocation of only private costs to individual products. True

False

15- Which of the following is always true regarding the net present value (NPV) decision model?

	a.	If a project is found to be acceptable under the net present value (NPV) approach, it would also be acceptable under the payback approach.
	b.	If a project is found to be acceptable under the net present value (NPV) approach, it would also be acceptable under the book (accounting) rate of return approach.
	c.	The net present value (NPV) and the IRR approaches will always rank two projects in the same order of preference.
	d.	If a project is rejected under the net present value (NPV) approach, it would also be rejected under the payback approach.
	e.	If a project is found to be acceptable under the NPV approach, it would also be acceptable under the internal rate of return (IRR) approach.