Post Utme Bowen University 2025 Commerce Question 15

Practice objective / multiple choice question 15 from the 2025 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2025 Commerce Objective / Multiple Choice
Question 15 POST_UTME_BOWEN_UNIVERSITY • 2025 • COMMERCE • objective

A company has a business insurance policy that covers losses due to fire. The company's premises were damaged in a fire, resulting in a loss of ₦500,000. The insurance policy has a deductible of ₦20,000. What is the amount that the company will receive from the insurance company?

Answer Options

Correct Answer A. ₦480,000
B. ₦500,000
C. ₦520,000
D. ₦540,000
Correct Answer
A
Correct Option:
₦480,000

About This Question

This is Post Utme Bowen University 2025 Commerce Question 15. It is one of the objective questions from the 2025 Post Utme Bowen University Commerce examination.

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