The Payback Method Is Often More Useful Than the Net

question 87

True/False

The payback method is often more useful than the net present value method for evaluating systems projects because the effective lives of information systems tend to be short and shorter-payback projects are often desirable.

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Definitions:

Economic Security

The state of having stable income or other resources to support a standard of living now and in the foreseeable future, protecting individuals and families from poverty and financial uncertainties.

Good Reason

A justified or rational basis for a decision, action, or belief.

Marry

Forming a legally recognized union with a partner.

Personality

The combination of characteristics or qualities that form an individual's distinctive character.