Business Decision Making Essay: Investment Appraisal Techniques

This essay analyzes business decision-making processes, focusing on investment appraisal techniques. It compares and contrasts two projects, Project A and Project B, evaluating them using payback period, net present value (NPV), and internal rate of return (IRR) methods. The essay highlights the importance of considering the time value of money and discusses the strengths and weaknesses of each technique. The author demonstrates the application of these methods and concludes by recommending the selection of Project B based on the NPV analysis, emphasizing the importance of capital accumulation in investment decisions. The essay also references the work of various authors in the field of business decision-making.