Post Utme Al Hikmah University 2024 Commerce Question 39

Practice objective / multiple choice question 39 from the 2024 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2024 Commerce Objective / Multiple Choice
Question 39 POST_UTME_AL-HIKMAH_UNIVERSITY • 2024 • COMMERCE • objective

A firm's insurance policy has a deductible of ₦10,000 and a maximum payout of ₦50,000. If the firm incurs a loss of ₦60,000, what is the firm's net payout?

Answer Options

A. ₦20,000
B. ₦30,000
C. ₦40,000
Correct Answer D. ₦50,000
Correct Answer
D
Correct Option:
₦50,000

About This Question

This is Post Utme Al Hikmah University 2024 Commerce Question 39. It is one of the objective questions from the 2024 Post Utme Al Hikmah University Commerce examination.

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