I always go for the investment with the shortest payback period. Is this a sound strategy? Why

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I always go for the investment with the shortest payback period. Is this a sound strategy? Why or why not?

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Fundamental Managerial Accounting Concepts

ISBN: 978-0078110894

6th Edition

Authors: Edmonds, Tsay, olds

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Question Posted: Dec 07, 2011 06:01 AM

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I always go for the investment with the shortest payback period. Is this a sound strategy? Why

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The strategy is not sound because it does not take int...View the full answer

Fundamental Managerial Accounting Concepts

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