Post Utme Afe Babalola University 2022 Commerce Question 29

Practice objective / multiple choice question 29 from the 2022 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2022 Commerce Objective / Multiple Choice
Question 29 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2022 • COMMERCE • objective

A firm has a foreign trade agreement with a country that allows it to import goods worth up to ₦5 million per year. If the firm wants to import goods worth ₦3 million, what is the maximum amount it can spend on transportation?

Answer Options

A. ₦1.5 million
Correct Answer B. ₦2 million
C. ₦2.5 million
D. ₦3 million
Correct Answer
B
Correct Option:
₦2 million

About This Question

This is Post Utme Afe Babalola University 2022 Commerce Question 29. It is one of the objective questions from the 2022 Post Utme Afe Babalola University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support