Post Utme Aaua 2024 Commerce Question 6

Practice objective / multiple choice question 6 from the 2024 Post Utme Aaua Commerce examination.

Post Utme Aaua 2024 Commerce Objective / Multiple Choice

Question 6 POST_UTME_AAUA • 2024 • COMMERCE • objective

A company is considering two different insurance policies to cover its business operations. Policy A has a premium of ₦1,500 and a deductible of ₦5,000. Policy B has a premium of ₦2,000 and a deductible of ₦2,000. If the company experiences a loss of ₦12,000, which policy would result in a lower out-of-pocket expense?

Correct Answer A. Policy A

B. Policy B

C. Both policies would result in the same out-of-pocket expense

D. Neither policy would result in an out-of-pocket expense

Correct Answer

Correct Option:

Policy A

This is Post Utme Aaua 2024 Commerce Question 6. It is one of the objective questions from the 2024 Post Utme Aaua Commerce examination.

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