Payback is considered an unsophisticated capital budgeting because it ________
A) gives explicit consideration to the timing of cash flows and therefore the time value of money
B) gives explicit consideration to risk exposure due to the use of the cost of capital as a discount rate
C) does not gives explicit consideration on the recovery of initial investment and possibility of a calamity
D) it does not explicitly consider the time value of money
D
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Of key interest to marketers are the major informational sources to which the consumer will turn and the relative importance of each. Which of the following can be considered an experiential information source?
A) consumer-rating organizations B) mass media C) acquaintances D) Web sites E) personal handling and examination
What could happen to the employees involved in an employee buyout if the company performed very poorly?
What will be an ideal response?