Post Utme Bells University 2024 Commerce Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Bells University Commerce examination.

Post Utme Bells University 2024 Commerce Objective / Multiple Choice
Question 19 POST_UTME_BELLS_UNIVERSITY • 2024 • COMMERCE • objective

A company is considering two different insurance policies to protect against potential losses. Policy A has a premium of 100 and a deductible of 500, while Policy B has a premium of 200 and a deductible of 1000. Which policy is more likely to result in higher payouts in the event of a loss?

Answer Options

A. Policy A is more likely to result in higher payouts in the event of a loss.
Correct Answer B. Policy B is more likely to result in higher payouts in the event of a loss.
C. Both policies are equally likely to result in higher payouts in the event of a loss.
D. There is not enough information to determine which policy is more likely to result in higher payouts in the event of a loss.
Correct Answer
B
Correct Option:
Policy B is more likely to result in higher payouts in the event of a loss.

About This Question

This is Post Utme Bells University 2024 Commerce Question 19. It is one of the objective questions from the 2024 Post Utme Bells University Commerce examination.

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