Question
criticism of the Net Present Value budgeting technique is that it: ignores the time value of money provides multiple values when cash flows are not
criticism of the Net Present Value budgeting technique is that it:
| ignores the time value of money | ||
| provides multiple values when cash flows are not normal | ||
| can only be used if all cash flows after initial investment are positive | ||
| is biased toward small projects | ||
| is biased toward large projects |
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
