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Question 12.PMCQ.3: (LO 1) What is a weakness of the cash payback approach? a. I...

(LO 1) What is a weakness of the cash payback approach?
a. It uses accrual-based accounting numbers.
b. It ignores the time value of money.
c. It ignores the useful life of alternative projects.
d. Both (b) and (c) are true.

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