Question: . ____________ is defined as the length of time required to recover the initial cash out-lay. a) Payback-period b) Inventory conversion period c) Discounted payback-period

. ____________ is defined as the length of time required to recover the initial cash out-lay.

a) Payback-period

b) Inventory conversion period

c) Discounted payback-period

d) Budget period

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