Post Utme Bowen University 2023 Commerce Question 28

Practice objective / multiple choice question 28 from the 2023 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2023 Commerce Objective / Multiple Choice
Question 28 POST_UTME_BOWEN_UNIVERSITY • 2023 • COMMERCE • objective

A company has the following insurance policy: ₦1,000,000 for liability, ₦500,000 for property damage, and ₦200,000 for business interruption. If the company suffers a loss of ₦750,000 due to a fire, what is the total amount that the insurance company will pay?

Answer Options

A. ₦1,250,000
B. ₦1,500,000
Correct Answer C. ₦1,750,000
D. ₦2,000,000
Correct Answer
C
Correct Option:
₦1,750,000

About This Question

This is Post Utme Bowen University 2023 Commerce Question 28. It is one of the objective questions from the 2023 Post Utme Bowen University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support