Bece Model Questions Vol1 2022 Edo L1 Question 26

Practice objective / multiple choice question 26 from the 2022 Bece Model Questions Vol1 Edo L1 examination.

Bece Model Questions Vol1 2022 Edo L1 Objective / Multiple Choice Medium Difficulty
Question 26 BECE_MODEL_QUESTIONS_VOL1 • 2022 • EDO_L1 • objective

Read the passage below and answer the question that follows. "Emeka woke before dawn each day during the rainy season to bring his yams to market. He knew that the longer the yams stayed in his basket, the softer they became, and the less they fetched. Yet he often arrived at the market before the other traders, accepting lower prices to guarantee that his produce would not spoil before he could sell it. He told his wife, 'Better a small profit today than a loss tomorrow.'" Why does Emeka choose to sell his yams early, even at lower prices?

Answer Options

A. Because he believes early sales guarantee the highest possible profit, regardless of spoilage risk.
B. Because he wants to sell before other traders to get higher prices, even if it means less profit.
Correct Answer C. Because he wants to avoid spoilage and the resulting loss, preferring a small certain profit to a possible larger loss.
D. Because he enjoys being the first to market, which boosts his reputation regardless of profit.
Correct Answer
C
Correct Option:
Because he wants to avoid spoilage and the resulting loss, preferring a small certain profit to a possible larger loss.

About This Question

This is Bece Model Questions Vol1 2022 Edo L1 Question 26. It is one of the objective questions from the 2022 Bece Model Questions Vol1 Edo L1 examination.

Difficulty level: Medium .

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