Question 30 2p Capital budgeting involves O analyzing various alternatives of financing available to a company deciding among various long-term investments O preparing the sales budget for the coming year O budgeting for yearly operational expenses Question 31 2 pts The benefit foregone by NOT choosing an alternative course of action is referred to as a(n): O opportunity cost. O sunk cost. incremental cost. O variable cost. Question 34 2 pts Which of the following describes a sunk cost? O A historical cost that may be relevant to future events One that is relevant to a decision because it changes depending on different courses of action O A historical cost that is always irrelevant O An outlay expected to be incurred in the future Question 35 2 pts Which of the following describes the term time value of money? Money can only be used at certain times and for certain purposes. O When money is invested over time, it earns income and grows. Wasted time can result in wasted money. O Money loses its purchasing power over time through inflation