You Are Considering a Project with an Initial Cost of $4,300

question 56

Multiple Choice

You are considering a project with an initial cost of $4,300. What is the payback period for this project if the cash inflows are $550, $970, $2,600, and $500 a year over the next four years,
Respectively?

• A) 2.04 years
• B) 2.36 years
• C) 2.89 years
• D) 3.04 years
• E) 3.36 years

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Definitions:

Union Representation Elections

The process by which employees of a workplace vote on whether to have a union represent them in collective bargaining with their employer.

Unfair Labor Practice

Actions by employers or unions that violate the rights of employees as defined by labor laws or agreements.

U.S. Labor Law

The body of laws, regulations, and judicial precedents that address the legal rights of, and restrictions on, working people and their organizations in the United States.

Section 8(a)(3)

A provision of the NLRA that prohibits employers from discriminating against employees for their union membership, activities, or collective bargaining efforts.