Post Utme Ims U 2023 Commerce Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Ims U Commerce examination.

Post Utme Ims U 2023 Commerce Objective / Multiple Choice
Question 5 POST_UTME_IMS_U • 2023 • COMMERCE • objective

A firm is considering two import options: Option A, which involves importing goods from a country with a 10% tariff, and Option B, which involves importing goods from a country with a 5% tariff. If the firm imports goods worth ₦100,000, how much more money will it pay if it chooses Option A?

Answer Options

Correct Answer A. ₦10,000
B. ₦5,000
C. ₦10,000
D. ₦5,000
Correct Answer
A
Correct Option:
₦10,000

About This Question

This is Post Utme Ims U 2023 Commerce Question 5. It is one of the objective questions from the 2023 Post Utme Ims U 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