Neco Model Questions Vol1 2019 Civic Education Question 43

Practice objective / multiple choice question 43 from the 2019 Neco Model Questions Vol1 Civic Education examination.

Neco Model Questions Vol1 2019 Civic Education Objective / Multiple Choice Hard Difficulty
Question 43 NECO_MODEL_QUESTIONS_VOL1 • 2019 • CIVIC_EDUCATION • objective

A civil servant earns a monthly salary of ₦120,000. He is offered a bribe of ₦500,000 to influence the award of a contract. If caught, the penalty is a fine equal to five times his annual salary. The probability of being caught is 0.08. Should he accept the bribe if he wants to maximise his expected monetary gain? Show the expected monetary outcome and give a yes/no answer.

Answer Options

A. Yes, expected gain of ₦12,000
B. No, expected loss of ₦52,000
Correct Answer C. No, expected loss of ₦76,000
D. Yes, expected gain of ₦44,000
Correct Answer
C
Correct Option:
No, expected loss of ₦76,000

About This Question

This is Neco Model Questions Vol1 2019 Civic Education Question 43. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Civic Education examination.

Difficulty level: Hard .

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