Which of the Following Statements Is FALSE

question 52

Multiple Choice

Which of the following statements is FALSE?

• A)The payback rule is useful in cases where the cost of making an incorrect decision might not be large enough to justify the time required for calculating the NPV.
• B)The payback rule is reliable because it considers the time value of money and depends on the cost of capital.
• C)For most investment opportunities,expenses occur initially and cash is received later.
• D)Fifty percent of firms surveyed reported using the payback rule for making decisions.

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Definitions:

Ethnic Identity

A person's sense of belonging to a specific ethnic group, including the customs, culture, and language associated with that group.

Acculturation

The process of adopting the cultural traits or social patterns of another group, especially by a person moving to a new country or community.

Immigrant Families

Families that have relocated from their country of origin to another country, often facing cultural, social, and economic adaptation challenges.

Ethnic Identity

A person's sense of belonging to a specific ethnic group, along with the cultural characteristics and social patterns that denote membership in that group.