Post Utme Covenant University 2023 Commerce Question 30

Practice objective / multiple choice question 30 from the 2023 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2023 Commerce Objective / Multiple Choice
Question 30 POST_UTME_COVENANT_UNIVERSITY • 2023 • COMMERCE • objective

A firm is considering investing in a new marketing campaign to promote its product. The campaign will cost ₦10 million to implement and is expected to generate ₦20 million in revenue over the next 2 years. What is the payback period of the investment?

Answer Options

A. 1 year
Correct Answer B. 2 years
C. 3 years
D. 4 years
Correct Answer
B
Correct Option:
2 years

About This Question

This is Post Utme Covenant University 2023 Commerce Question 30. It is one of the objective questions from the 2023 Post Utme Covenant University Commerce examination.

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