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

question 164

True/False

The payback period of a project that costs $1,000 initially and promises after-tax cash inflows of $300 each year for the next three years is 0.333 years.

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Definitions:

Selection Decision

The process of choosing the most suitable candidate from a group of applicants for a job or role.

Organizational Development

Is a system-wide effort, managed from the top of the organization, to increase the organization’s overall performance through planned interventions.

Performance

The act of carrying out a task or function; often evaluated in terms of output quality, speed, or efficiency.

Assessment Center

An assessment center is a process used in the selection of candidates for a job, involving a variety of techniques designed to evaluate competencies important for success in that role.