When using the payback method payback is expressed in terms of
A) a percent.
B) dollars.
C) time.
D) a discount factor.

Question

Quizplus · Accepted Answer

The payback method expresses the length of time it takes to recover the initial investment, making the answer time. A and D do not accurately describe how the payback method is used. B could be a possible answer, as payback is expressed in dollars, but it is not the best choice as it doesn't fully capture the essence of the method.

When Using the Payback Method Payback Is Expressed in Terms