If Project a Has a Lower Payback Period Than Project

question 76

Multiple Choice

If project A has a lower payback period than project B, this may indicate that project A may have a

• A) lower NPV and be less profitable.
• B) higher NPV and be less profitable.
• C) higher NPV and be more profitable.
• D) lower NPV and be more profitable.

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Definitions:

Creativity

Cognitive processes that employ appropriate novelty; originality that suits some purpose.

Generating Solutions

refers to the process of developing multiple answers or methods to solve a particular problem or achieve a certain outcome.

Novelty

Refers to the quality of being new, original, or unusual.

Expert Systems

Computer systems that mimic the decision-making ability of a human expert, designed to solve complex problems by reasoning through bodies of knowledge.