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The Silverside Company is considering investing in two alternative projects: What is the payback period for Project 2?
Heuristic
A problem-solving strategy using a practical method or various shortcuts to produce solutions that may not be optimal but are sufficient for reaching immediate goals.
Prototype
An original model or preliminary version of a product from which other forms are developed or copied.
Algorithm
A process or set of rules to be followed in calculations or other problem-solving operations, especially by a computer.
Mental Image
A representation of a sensory experience in the mind, which can be visual, auditory, or related to other senses, even in the absence of external stimuli.
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