Which of the Following Statements Is True of Payback Period

Multiple Choice

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.