The Payback Method Is a Screening Device and Is Rarely

question 43

True/False

The payback method is a screening device and is rarely used as the sole method for deciding whether to invest in an asset.

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Definitions:

Organizational Development

The study and implementation of practices, strategies, and techniques that improve an organization's effectiveness, health, and overall success.

Sociotechnical System Design

An approach to organizational work design that recognizes the interaction between people and technology in workplaces.

Workplace Relationship

Interactions and connections among colleagues within a professional setting, impacting teamwork and collaboration.

Job Design

A method of setting duties and responsibilities of a job with the intention of improving productivity and performance