Which of the following best defines payback period? A) It is ...

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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

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Answer to Question 1

C

Answer to Question 2

D