Post Utme Caleb University 2020 Commerce Question 14
Practice objective / multiple choice question 14 from the 2020 Post Utme Caleb University Commerce examination.
A sole trader is considering expanding its business by opening a new branch. If the initial investment required to open the new branch is ₦500,000, and the expected annual profit is ₦200,000, what is the payback period?
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About This Question
This is Post Utme Caleb University 2020 Commerce Question 14. It is one of the objective questions from the 2020 Post Utme Caleb University Commerce examination.
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