Which of the following best defines payback period?
A) It is the number of time periods before the cash inflows of a proposed project exceed the amount of the initial investment.
B) It is the number of time periods before the amount of the initial investment exceeds the cash inflows of a proposed project.
C) It is the number of time periods before the cash inflows of a proposed project equal the amount of the initial investment.
D) It is the number of time periods before the net expenditure exceeds the amount of the initial investment.
Question 2
For a normal distribution, as changes, ________.
A) the density of the function increases
B) the median remains unchanged
C) the distribution becomes wider
D) the location of the distribution on the x-axis changes
