Question: The payback period for a project is often calculated and then a decision about undertaking the project is made after comparing this calculated payback period
The payback period for a project is often calculated and then a decision about undertaking the project is made after comparing this calculated payback period to a target payback period. Select all characteristics that apply to the target payback period.
The target payback period:
| a. | is a number calculated as a fixed percentage of the life of the project. |
| b. | can be expressed as a range of acceptable periods. |
| c. | is irrelevant if the payback period for the project is less than three years. |
| d. | is usually determined by management. |
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