Neco Model Questions Vol1 2025 Civic Education Question 28
Practice objective / multiple choice question 28 from the 2025 Neco Model Questions Vol1 Civic Education examination.
A public procurement officer must award a contract worth \(\text{₦}10,000,000\). Supplier A offers the contract at \(\text{₦}9,000,000\) but requests a bribe equal to \(5\%\) of the contract value. Supplier B offers the contract at \(\text{₦}9,500,000\) with no bribe. The officer's illegal income is taxed at \(30\%\) if not detected, and there is a \(20\%\) chance of detection, in which case a fine equal to three times the bribe is imposed. Assuming the officer aims to maximise his expected net personal gain, which supplier should he choose? Show the expected net gain for each option and give the optimal choice.
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About This Question
This is Neco Model Questions Vol1 2025 Civic Education Question 28. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Civic Education examination.
Difficulty level: Hard .
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