ESE 2021Q13
Q: Under which one of the following circumstances is the project accepted as worthwhile, keeping the principal non-discounting criteria ?
(a)The payback period (PBP) > target period
(b)The payback period (PBP) < target period
(c)The payback period (PBP) = target period
(d)The payback period (PBP) = 0
Correct Answer: (d)
Detailed explanation coming soon.