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Question 15 (2 points) Small businesses will often use the payback method or a similar less sophisticated approach for all of these reasons except which

Question 15 (2 points)

Small businesses will often use the payback method or a similar less sophisticated approach for all of these reasons except which one?

Question 15 options:

a)

Bankers and finance companies focus on how a loan will be repaid, and how long that will take

b)

Other options, like NPV and IRR, are often out of reach in terms of complexity

c)

Payback helps focus on the most important measure, actual time to repayment

d)

The less sophisticated methods are also easier to use, and available to even those with no finance background.

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