What is NOT an advantage of the payback period? It is sometimes used as a...
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What is NOT an advantage of the payback period? It is sometimes used as a crude measure of risk. It cannot be used for investments with unequal cash inflows. It cannot be used if the entire cost of the investment does not occur immediately. It encourages managers to choose projects with quick payback to maximize shortterm criteria. 
What is NOT an advantage of the payback period?
It is sometimes used as a crude measure of risk.
It cannot be used for investments with unequal cash inflows.
It cannot be used if the entire cost of the investment does not occur immediately.
It encourages managers to choose projects with quick payback to maximize shortterm criteria.
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