Post Utme Al Hikmah University 2024 Commerce Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2024 Commerce Objective / Multiple Choice

Question 3 POST_UTME_AL-HIKMAH_UNIVERSITY • 2024 • COMMERCE • objective

A business may choose to insure against risks such as fire, theft, or employee injury. What is the primary benefit of insurance?

Answer Options

Correct Answer A. To reduce the financial impact of a loss

B. To transfer the risk to a third party

C. To increase the business's cash flow

D. To improve the business's credit rating

Correct Answer

Correct Option:

To reduce the financial impact of a loss

About This Question

This is Post Utme Al Hikmah University 2024 Commerce Question 3. It is one of the objective questions from the 2024 Post Utme Al Hikmah University Commerce examination.

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