Examlex
Which of the following statements is not correct?
Payback Period
The payback period is the length of time required to recover the cost of an investment.
Satisfactory Return
A level of profit or return on investment that meets or exceeds the expectations or benchmarks of an investor or manager.
Capital Budgeting
The process a business undertakes to evaluate potential major projects or investments.
Payback Period
The amount of time it takes for an investment to generate enough cash flow to recoup its original cost.
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