A Project Has an Initial Cost of $2,100

question 17

Multiple Choice

A project has an initial cost of $2,100. The cash inflows are $0,$500,$900,and $700 over the next four years,respectively. What is the payback period?

• A) 1 years
• B) 2 years
• C) 3 years
• D) 4 years
• E) never

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Definitions:

Stimuli

External or internal events that elicit a response from the sensory system or the organism as a whole.

Interpretations

The act of explaining or understanding the meaning of something, often applied to data, texts, or artworks.

Cognitive Appraisal

The process by which an individual evaluates and interprets a situation or stimulus to determine its significance for his or her well-being.

Zajonc

A psychologist known for his work in social and cognitive processes and specifically for his theories on social facilitation and the mere exposure effect.