Post Utme Covenant University 2018 Commerce Question 9

Practice objective / multiple choice question 9 from the 2018 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2018 Commerce Objective / Multiple Choice
Question 9 POST_UTME_COVENANT_UNIVERSITY • 2018 • COMMERCE • objective

A business is considering the purchase of a new machine to increase production capacity. What is the primary factor to consider when evaluating the cost-benefit analysis?

Answer Options

A. Initial purchase price and maintenance costs
B. Expected lifespan and residual value
Correct Answer C. Opportunity costs and alternative uses
D. Market demand and competition
Correct Answer
C
Correct Option:
Opportunity costs and alternative uses

About This Question

This is Post Utme Covenant University 2018 Commerce Question 9. It is one of the objective questions from the 2018 Post Utme Covenant University Commerce examination.

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