Post Utme Bowen University 2025 Commerce Question 16

Practice objective / multiple choice question 16 from the 2025 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2025 Commerce Objective / Multiple Choice
Question 16 POST_UTME_BOWEN_UNIVERSITY • 2025 • COMMERCE • objective

A sole trader's business is exposed to the risk of a major fire that could result in significant financial losses. To mitigate this risk, the sole trader decides to purchase a fire insurance policy. Which of the following types of insurance policies would be most suitable for this business?

Answer Options

A. Fire insurance policy with a high deductible
B. Fire insurance policy with a low premium
Correct Answer C. Business interruption insurance policy
D. Liability insurance policy
Correct Answer
C
Correct Option:
Business interruption insurance policy

About This Question

This is Post Utme Bowen University 2025 Commerce Question 16. It is one of the objective questions from the 2025 Post Utme Bowen University Commerce examination.

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