Table 23.2. -Refer to Table 23.2. What Does "Payback Time" Mean in Time

question 5

Multiple Choice

Table 23.2.

-Refer to Table 23.2. What does "payback time" mean in terms of conservation of energy?

• A) how long it takes to pay for an appliance or new technology at today's interest rates
• B) how long it takes for the savings to equal the original cost of the technology
• C) how long it takes to find investors for the new technology
• D) the amount of money required for the development of the technology
• E) the amount of time before the manufacturer starts to make a profit

Discern between tangible and symbolic aspects of effective branding in attracting employees.

Understand the importance and methods of conveying employer branding.

Recognize the role of adequate explanations in reducing negative employee reactions.

Define and identify congruence in communication.

---

Definitions:

Horizontal Demand

Refers to a market situation in which the demand for a product or service is not sensitive to changes in its price, often illustrated as a horizontal line on a demand curve graph.

Reselling

The act of selling a product or service again, typically after buying it from the original seller.

Demand Elasticities

Various measures that quantify the sensitivity of demand for a good or service to changes in its price or other relevant factors.

Producing Cost

The total expense incurred in the creation of goods or services, including raw materials, labor, and overhead expenses.