The payback period is the length of time it takes for an investment to recoup its initial cost out of the cash receipts it generates.

Name: The payback period is the length of time it takes for an investment to recoup its initial cost out of the cash receipts it generates.
Brand: Quizplus
Rating: 4.9 (31 reviews)

Question

Quizplus · Accepted Answer

This statement is true. The payback period is a common financial metric used to measure the time required for an investment to pay for itself based on the cash generated by the investment.

The Payback Period Is the Length of Time It Takes