If the Initial Investment Is a Project Is $100,000 and the Expected

question 41

Multiple Choice

If the initial investment is a project is $100,000 and the expected annual net profit for the project is $20,000, the payback period is:

• A) One fifth of a year
• B) 4 years
• C) 5 years
• D) 10 years
• E) insufficient information to determine the payback period

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Definitions:

Business Meetings

Business meetings are formal gatherings where individuals come together to discuss ideas, make decisions, or address specific topics related to business operations.

Formality

The adherence to established rules, customs, or standards, often associated with official, ceremonial, or polite occasions.

Personal Information

Data about an individual that identifies them, such as name, address, and date of birth.

Mobile Technology

Wireless technology that enables users to access, share, and engage with content and services through portable devices.