Resnick Inc

question 71

Multiple Choice

Resnick Inc. is considering a project that has the following cash flow data. What is the project's payback?

• A) 1.42 years
• B) 1.58 years
• C) 1.75 years
• D) 1.93 years
• E) 2.12 years

---

Definitions:

Primacy Effect

The tendency for individuals to remember information presented at the beginning of a list better than information appearing in the middle or end.

Recency Effect

A cognitive bias which results in better recall of the most recent items or experiences in a series due to their late position in memory retrieval.

State-Dependent Memory Effect

The tendency to recall information better if one is in the same pharmacological or psychological state as when the information was encoded.

Permanent Imprint

An enduring impact or mark left by an experience, object, or person that is difficult to erase or forget.