The payback period is most often used as which of the following tools?
A)Preference
B)Screening
C)Budgeting
D)Evaluation

Question

Quizplus · Accepted Answer

The payback period is most often used as a screening tool to evaluate the feasibility or attractiveness of investment projects. It measures how long it takes for an investment to "pay back" its initial cost, helping businesses decide whether to proceed with a project.

The Payback Period Is Most Often Used as Which of the Following