Post Utme Bsu 2023 Commerce Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Bsu Commerce examination.

Post Utme Bsu 2023 Commerce Objective / Multiple Choice
Question 17 POST_UTME_BSU • 2023 • COMMERCE • objective

A company's liability for a defective product can be determined using the following formula: ( ext{Liability} = rac{ ext{Product Value} imes ext{Defect Rate}}{ ext{Total Sales}} ). If the product value is ₦1000, the defect rate is 5%, and the total sales are ₦100,000, what is the company's liability?

Answer Options

A. ₦50
Correct Answer B. ₦500
C. ₦5,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦500

About This Question

This is Post Utme Bsu 2023 Commerce Question 17. It is one of the objective questions from the 2023 Post Utme Bsu Commerce examination.

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