Joetz Corporation Has Gathered the Following Data on a Proposed

question 291

Multiple Choice

Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.) : The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment.The payback period for the investment is:

• A) 5 years
• B) 15 years
• C) 2 years
• D) 7.143 years

---

Definitions:

Anthropocentric Approach

A viewpoint that considers human beings as the central or most significant species on the planet in terms of influencing and understanding the environment.

German Industrial Engineers

Professionals in Germany who specialize in optimizing complex systems or processes to improve efficiency and productivity.

Job Design

The process of organizing tasks, duties, and responsibilities into a productive unit of work.

Technocentric Approach

A philosophy that centers on technology and its ability to control and protect the environment.