ESE 2020Q61
Q: During an assessment of economic viability of the project, the ratio of average annual earnings after tax to the average book investment after depreciation is called
(a)Benefit-Cost Ratio (BCR)
(b)Net Present Value (NPV)
(c)Pay-Back Period (PBP)
(d)Return on Investment (ROI)
Correct Answer: (a)
Detailed explanation coming soon.