Post Utme Crawford University 2025 Commerce Question 10

Practice objective / multiple choice question 10 from the 2025 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2025 Commerce Objective / Multiple Choice
Question 10 POST_UTME_CRAWFORD_UNIVERSITY • 2025 • COMMERCE • objective

A company has a risk management policy that requires it to maintain a cash reserve of 20% of its turnover. If its turnover is ₦10,000,000, what is the minimum amount of cash it should have in reserve?

Answer Options

A. ₦1,000,000
Correct Answer B. ₦2,000,000
C. ₦3,000,000
D. ₦4,000,000
Correct Answer
B
Correct Option:
₦2,000,000

About This Question

This is Post Utme Crawford University 2025 Commerce Question 10. It is one of the objective questions from the 2025 Post Utme Crawford University Commerce examination.

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