Which of the following statements is true of payback period?
A) If the payback period is less than the maximum acceptable payback period, management should be indifferent.
B) If the payback period is greater than the maximum acceptable payback period, accept the project.
C) If the payback period is less than the maximum acceptable payback period, accept the project.
D) If the payback period is greater than the maximum acceptable payback period, management should be indifferent.
C
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When actual input data from past periods is used to develop a budget
a. past inefficiencies are excluded. b. expected future changes are incorporated. c. information is available at a low cost. d. audited financial information must be used.
Under ________, the idea is that retailers plan marketing and strategy for an entire group of products rather than on a brand by brand basis
A) category management system B) value chain system C) mass marketing system D) hybrid system