Post Utme Afe Babalola University 2017 Geography Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Afe Babalola University Geography examination.

Post Utme Afe Babalola University 2017 Geography Objective / Multiple Choice
Question 24 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • GEOGRAPHY • objective

A firm is considering two different production processes to manufacture a product. Process A requires an initial investment of ₦1 million and generates a profit of ₦500,000 per year for 5 years. Process B requires an initial investment of ₦2 million and generates a profit of ₦1 million per year for 5 years. Calculate the payback period for each process.

Answer Options

Correct Answer A. Process A: 2 years, Process B: 4 years
B. Process A: 4 years, Process B: 2 years
C. Process A: 3 years, Process B: 3 years
D. Process A: 4 years, Process B: 4 years
Correct Answer
A
Correct Option:
Process A: 2 years, Process B: 4 years

About This Question

This is Post Utme Afe Babalola University 2017 Geography Question 24. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Geography examination.

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