The internal rate of return method assumes that a project's cash flows are reinvested at the payback rate of return. required rate of return. Oo oo simple rate of return. internal rate of return. A joint product is: Multiple Choice 0 O generally a special order. 0 any product that consists of several parts. 0 a product whose revenues do not cover its variable costs. 0 one of several products produced from a common input. Which of the following statements is true? Future revenue that differs between alternatives is known as differential revenue. 10 0 0 Future costs that differ between alternatives are irrelevant to a decision. Sunk costs are costs that have been proven to be unproductive. Fixed costs are always sunk costs. Which of the following costs is always relevant in decision making? Joint costs prior to split-off Sunk costs Avoidable costs Allocated common costs