Post Utme Crawford University 2023 Commerce Question 34

Practice objective / multiple choice question 34 from the 2023 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2023 Commerce Objective / Multiple Choice
Question 34 POST_UTME_CRAWFORD_UNIVERSITY • 2023 • COMMERCE • objective

A firm is considering launching a new product. The product will require an initial investment of ₦200 million and will generate annual profits of ₦50 million. What is the payback period on this investment?

Answer Options

A. 2 years
Correct Answer B. 3 years
C. 4 years
D. 5 years
Correct Answer
B
Correct Option:
3 years

About This Question

This is Post Utme Crawford University 2023 Commerce Question 34. It is one of the objective questions from the 2023 Post Utme Crawford University Commerce examination.

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