Use the Following Statements to Answer the Question

question 102

Multiple Choice

Use the following statements to answer the question:
I.The payback period does not take into consideration time value of money
II.In capital budgeting, the most important factor is to recoup the initial investment.

• A)I and II are correct.
• B)I and II are incorrect.
• C)I is correct and II is incorrect.
• D)I is incorrect and II is correct.

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Definitions:

Technological Advancements

Developments and innovations in technology that improve efficiency, productivity, and capability in various sectors.

Immigrant Parents

Individuals who have moved from one country to another and have children, often facing unique challenges and opportunities in their new homeland.

Intel Science Talent Search

A prestigious pre-college science competition in the United States, sponsored by Intel, aimed at encouraging research and innovation among young scientists.

Underdeveloped Countries

Nations characterized by low levels of income, industrialization, and general standards of living often accompanied by high rates of poverty.