Post Utme Abu 2025 Commerce Question 9

Practice objective / multiple choice question 9 from the 2025 Post Utme Abu Commerce examination.

Post Utme Abu 2025 Commerce Objective / Multiple Choice
Question 9 POST_UTME_ABU • 2025 • COMMERCE • objective

A firm's insurance policy has a deductible of ₦10,000. If the firm's annual premium is ₦120,000, and the firm pays ₦50,000 in claims, what is the firm's expected loss?

Answer Options

A. ₦30,000
B. ₦40,000
Correct Answer C. ₦50,000
D. ₦60,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Abu 2025 Commerce Question 9. It is one of the objective questions from the 2025 Post Utme Abu Commerce examination.

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