Based on the payback period method,the alternative with the shortest payback period is the most desirable.

Name: Based on the payback period method,the alternative with the shortest payback period is the most desirable.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The statement is true. Payback period method measures the time taken by an investment to recover its initial cost. Therefore, the alternative with the shortest payback period means the investment will recover its initial cost in the shortest time possible, which is desirable.

Based on the Payback Period Method,the Alternative with the Shortest