Use the Information for the Question(s)below

question 35

Multiple Choice

Use the information for the question(s) below.

-A florist is buying a number of motorbikes to expand its delivery service. These will cost $87 000, but are expected to increase profits by $3 000 per month over the next four years. What is the payback period in this case?

• A)29 months
• B)18 months
• C)12 months
• D)24 months

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Definitions:

Deductive Reasoning

A logical process in which a conclusion is based on the concordance of multiple premises that are generally assumed to be true.

Philosophical Assumptions

Philosophical assumptions are foundational beliefs or concepts that influence how individuals interpret and engage with the world around them.

In-field Practice

Application and exercise of skills and knowledge in a real-world, professional environment relevant to one's field of study or work.

Cultural Background

The culture, including traditions, languages, beliefs, and practices, that a person is raised in or identifies with.