Between projects A and B, project A will be considered a superior financial undertaking if it has:
A. a shorter payback period than project B.
B. a lower average rate of return than project B.
C. a lower net present value than project B.
D. a longer payback period than project B.
Answer:A
Between projects A and B, project A will be considered a superior financial undertaking if it has:
A. a shorter payback period than project B. B. a lower average rate of return than project B. C. a lower net present value than project B. D. a longer payback period than project B.