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Q:

The payback period can become an important issue when a large scope project is developed over several years. Maureen has been assigned the responsibility of calculating the payback period for her project that is to be completede in 3 years. The internal rate of return(IRR) is 7% and the annual savings will be $800,000 per year. The total cost is $4,000,000 and the rate of return during this time period is 3%. What is the payback period of Maureen's project?

A) 3 years B) 4 years
C) 5 years D) 13.3 years
 
Answer & Explanation Answer: C) 5 years

Explanation:

The payback period is how long it takes to recoup your investment. In this example, the cost was $4,000,000 and the savings was $800,000 per year. $4,000,000/$800,000 = 5. Therefore, Answer A, B and D are incorrect.

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Filed Under: PMP Certification

Q:

The Largest producer of Gold in the world is 

A) Australia B) Canada
C) Russia D) South Africa
 
Answer & Explanation Answer: D) South Africa

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Filed Under: World Geography

Q:

Among the following, which one has the largest number of neighboring countries sharing the land border?

A) Sudan B) Brazil
C) China D) Zaire
 
Answer & Explanation Answer: C) China

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Filed Under: World Geography

Q:

Among the following countries, which one has the largest concentration of Railways?

A) South Africa B) Egypt
C) Algeria D) Sudan
 
Answer & Explanation Answer: A) South Africa

Explanation:
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Filed Under: World Geography

Q:

The largest country in the western hemisphere, in the terms of population is _______

A) Canada B) The united States
C) Brazil D) Mexico
 
Answer & Explanation Answer: B) The united States

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Filed Under: World Geography

Q:

Tarsands containing large molecular hydrocarbons like crude oil are found in limited quantities in several parts of the world but the most important known occurrence is in:

 

A) U.S.A B) Canada
C) Australia D) Russia
 
Answer & Explanation Answer: B) Canada

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Filed Under: World Geography

Q:

The largest producer of fruits in the Anglo-American Region is _____

A) New - England Region B) Greak Lakes Region
C) California D) Application Region
 
Answer & Explanation Answer: C) California

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Filed Under: World Geography

Q:

The endangered Ridley turtles have the world's largest aggregation_____

A) Gahirmatha B) Sagarmatha
C) Lakshadweep islands D) Andaman and Nicobar group of islands
 
Answer & Explanation Answer: A) Gahirmatha

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Filed Under: World Geography