Post Utme Achievers University 2017 Commerce Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Achievers University Commerce examination.

Post Utme Achievers University 2017 Commerce Objective / Multiple Choice
Question 24 POST_UTME_ACHIEVERS_UNIVERSITY • 2017 • COMMERCE • objective

A firm is considering a new product launch. The product has a probability of success of 0.8 and a probability of failure of 0.2. If the firm invests ₦500,000 in the product, what is the expected return?

Answer Options

A. ₦400,000
Correct Answer B. ₦500,000
C. ₦600,000
D. ₦800,000
Correct Answer
B
Correct Option:
₦500,000

About This Question

This is Post Utme Achievers University 2017 Commerce Question 24. It is one of the objective questions from the 2017 Post Utme Achievers University Commerce examination.

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