The Payback Period of a Project That Costs $1,000 Initially

question 38

True/False

The payback period of a project that costs $1,000 initially and promises after-tax cash inflows of $2,000 each year for the next three years is 0.5 years.

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Definitions:

Company's Culture

The shared values, beliefs, and practices that characterize an organization and influence its members' behavior.

Open Communication

A policy or practice that emphasizes transparency, freedom to express ideas, and the flow of information within an organization or group.

Values

Principles or standards of behavior; one's judgment of what is important in life.

Deeply Held Beliefs

Convictions or principles that are firmly rooted in an individual's value system and guide their behavior and decision-making.