The Payback Period Rule Is a Convenient and Useful Tool

question 25

Multiple Choice

The payback period rule is a convenient and useful tool because:

• A)it provides a quick estimate of how rapidly the initial investment will be recouped.
• B)results of a short payback rule decision will be quickly seen.
• C)it does not have to take into account time value of money.
• D)All of the above.
• E)None of the above.

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Definitions:

Nature Of The Object

The term 'Nature Of The Object' refers to the inherent qualities, characteristics, and properties that define a particular object.

Binomial Probability

The probability of obtaining a specific number of successes in a fixed number of independent trials, with two possible outcomes.

Success

The accomplishment of an aim or purpose.

Probability Distribution

A function that describes the likelihood of obtaining the possible values that a random variable can assume.