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what are the advantages of the payback period method for management?multiple select question.the payback period adjusts for the discount rate.it allows lower-level managers to make small decisions effectively.the payback period method is ideal for minor projects.the payback period method is easy to use.

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The payback period method is ideal for minor projects.

The payback period is an evaluation method used to determine the time required for the cash flows from a project to pay back the initial investment. The payback period is especially useful for a business that tends to make relatively small investments, and so does not need to engage in more complex calculations that take other factors into account, such as   discount rates and the impact on throughout.

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