The Payback Period Is the Exact Amount of Time Required

question 74

True/False

The payback period is the exact amount of time required for the firm to recover the installed cost of a new asset.

---

Definitions:

Recognition

A measure of memory in which the person need only identify items previously learned, as on a multiple-choice test.

Recall

A measure of memory in which the person must retrieve information learned earlier, as on a fill-in-the-blank test.

Memory

The faculty by which the mind stores and remembers information.

Life Satisfaction

The degree to which an individual judges the overall quality of their life as being good.