Post Utme Unilag 2018 Commerce Question 9

Practice objective / multiple choice question 9 from the 2018 Post Utme Unilag Commerce examination.

Post Utme Unilag 2018 Commerce Objective / Multiple Choice
Question 9 POST_UTME_UNILAG • 2018 • COMMERCE • objective

A bank's cash management system uses the float method to manage its cash flow. Discuss the advantages and disadvantages of this method.

Answer Options

Correct Answer A. Advantages: reduces cash handling costs, minimizes the risk of theft; Disadvantages: may lead to over- or under-estimation of cash flow
B. Advantages: reduces the risk of theft, minimizes cash handling costs; Disadvantages: may lead to over- or under-estimation of cash flow
C. Advantages: reduces cash handling costs, minimizes the risk of theft; Disadvantages: may lead to over- or under-estimation of cash flow
D. Advantages: reduces the risk of theft, minimizes cash handling costs; Disadvantages: may lead to over- or under-estimation of cash flow
Correct Answer
A
Correct Option:
Advantages: reduces cash handling costs, minimizes the risk of theft; Disadvantages: may lead to over- or under-estimation of cash flow

About This Question

This is Post Utme Unilag 2018 Commerce Question 9. It is one of the objective questions from the 2018 Post Utme Unilag Commerce examination.

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