Post Utme Osustech 2019 Commerce Question 1
Practice objective / multiple choice question 1 from the 2019 Post Utme Osustech Commerce examination.
The management of a company is considering the introduction of a new product line. The product requires an initial investment of ₦500 million and is expected to generate revenue of ₦1.2 billion in the first year. However, there is a 20% chance that the product will not be successful and will result in a loss of ₦300 million. What is the expected value of the product line?
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About This Question
This is Post Utme Osustech 2019 Commerce Question 1. It is one of the objective questions from the 2019 Post Utme Osustech Commerce examination.
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