Question

select all that apply what are the advantages of the payback period method for management? multiple select question. the payback period method is easy to use. the payback period method is ideal for minor projects. the payback period adjusts for the discount rate. it allows lower-level managers to make small decisions effectively. need help? review these concept resources.

Answer 1

The payback period method has advantages for management including being easy to use, ideal for minor projects, and enabling lower-level managers to make small decisions effectively.

Step-by-step explanation:

The advantages of the payback period method for management include:

• Easy to use: The payback period method is simple and straightforward, making it easy for managers to understand and apply.
• Ideal for minor projects: The payback period method is particularly useful for minor projects where the investment amount and cash flows are relatively small.
• Allows lower-level managers to make small decisions effectively: The payback period method enables lower-level managers to make effective decisions on smaller projects without the need for complex analysis.