Most firms use the payback period as a secondary capital-budgeting technique, - 3707

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Most firms use the payback period as a secondary capital-budgeting technique, which, in a sense, allows them to control for risk. 

A. 

True

B. 

False

 

Solution Description

 Most firms use the payback period as a secondary capital-budgeting technique, which, in a sense, allows them to con