Under what circumstances is the investment with the shortest payback the best choice? How should managers use the payback method?
What will be an ideal response
The investment with the shortest payback is the best only if all other factors are the same. Managers should use the payback method as a screening device to eliminate investments that will take too long to recoup the initial investment.
Business
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Which of the following is the first step of the control process?
a. establish performance standards b. compare performance to standards c. take corrective action if necessary d. measure performance
Business
Stock can only be purchased in round lots
Indicate whether this statement is true or false.
Business