The single most important and desirable of aspect of the payback method is the fact that the maximum acceptable length of the payback period is arbitrary

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Quizplus · Accepted Answer

The statement is incorrect. The most important aspect of the payback method is its simplicity and easy-to-understand nature, which makes it a popular tool for evaluating investment proposals. However, the maximum acceptable length of the payback period is not arbitrary, as it depends on the organization's policy, risk tolerance, and specific investment context.

The Single Most Important and Desirable of Aspect of the Payback