Read the passage below and answer the question that follows.

"When the clouds gathered over the market town early in the morning, Chinedu, who had brought his fresh tomatoes and peppers to sell, decided to pack up his stall before noon. He recalled the weather forecast that warned of heavy rain in the afternoon, which would wash away the fresh produce and deter customers. Rather than risk losing his goods, he chose to sell at a lower price early, hoping to recoup some profit before the storm.",

What is the main reason Chinedu decided to sell his produce early, and how does this decision reflect his attitude towards risk?

Question

Read the passage below and answer the question that follows.

"When the clouds gathered over the market town early in the morning, Chinedu, who had brought his fresh tomatoes and peppers to sell, decided to pack up his stall before noon. He recalled the weather forecast that warned of heavy rain in the afternoon, which would wash away the fresh produce and deter customers. Rather than risk losing his goods, he chose to sell at a lower price early, hoping to recoup some profit before the storm.",

What is the main reason Chinedu decided to sell his produce early, and how does this decision reflect his attitude towards risk?

Accepted Answer

He sold early because the forecast warned of heavy rain that would spoil his produce and scare away buyers. This shows he is risk‑averse, choosing a certain smaller profit over the possibility of a larger loss.

Bece Model Questions Vol1 2024 Edo L1 Question 46

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