If a sell or process further decision, what was spent on the product to service it last year is a relevant cost that should be taken into consideration when making a decision. O True O False In practice, only quantitative information should be used to make a short-term or long-term decision. No qualitative information should be used in practice for these types of decisions. True O False In a short term decision, fixed costs are sometimes considered irrelevant, depending on whether they change between the two alternatives. True False If all other factors are equal, a project should have a low accounting rate of return and a high payback period. True False A balance scorecard is a picture of the division of responsibilities and lines of authority. O True False A positive net present value means that the present value of the future stream of earnings plus the present value of the salvage value is less than the initial cost of the investment True O False You would need to subtract depreciation from the net income to convert it to net cash flows. True False Sunk costs are generally considered irrelevant when making a short-term decision. True False