Two Simple Accounting Question

Please do not plagiarism. It doesn't have to be perfect and long.

Include the information that questions require.

Performance & Responsibility Acctg

Question1: Ron ELy says that the Balanced Scorecard was created to replace financial measures as the primary mechanism for performance evaluation. He says that it uses only nonfinancial measures. 

1) Is this true?
2) Explain your answer.

Capital Budg, Incr. Analysis & Decisions

Question2: The process of making capital expenditure decisions is known as capital budgeting. The three most commonly used capital budgeting techniques are (a) annual rate of return, (b) cash payback, and (c) discounted cash flow.
Required:
1) Give a brief definition of each techniques.
2) Which budgeting techniques do you think is the best method to use for capital expenditures? Explain your choice.