The ________ Is the Exact Amount of Time It Takes

question 27

Multiple Choice

The ________ is the exact amount of time it takes the firm to recover its initial investment.

• A) average rate of return
• B) internal rate of return
• C) net present value
• D) payback period

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Definitions:

Factors Of Production

The inputs used in the creation of goods or services in order to make an economic profit, including land, labor, capital, and entrepreneurship.

Input

Resources used in the production of goods and services.

Output

The total amount of goods or services produced by an individual or entity in a given period.

Function

In mathematics, a relation or expression involving one or more variables, where each input value yields one and only one output value.