The Payback Period Is Most Often Used as Which of the Following

question 141

Multiple Choice

The payback period is most often used as which of the following tools?

• A)Preference
• B)Screening
• C)Budgeting
• D)Evaluation

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Definitions:

Output

The total amount of goods and services produced by an economy, a sector, or a company during a specific period.

Shutdown Point

The level of operation at which a firm is not generating enough revenue to cover its variable costs, making it economically viable to cease production.

Output

The total quantity of goods or services produced by a business, industry, or economy within a specific period.

Peak Efficiency

The state in which an entity or system is operating at its maximum potential and efficiency, without waste of resources.