Post Utme Bsu 2023 Commerce Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Bsu Commerce examination.

Post Utme Bsu 2023 Commerce Objective / Multiple Choice

Question 5 POST_UTME_BSU • 2023 • COMMERCE • objective

A business owner has purchased an insurance policy to protect against losses due to fire. What is the primary purpose of this policy?

A. To provide financial assistance in the event of a fire

Correct Answer B. To cover the cost of rebuilding or replacing damaged property

C. To compensate for lost revenue and profits

D. To provide a tax deduction for business expenses

Correct Answer

Correct Option:

To cover the cost of rebuilding or replacing damaged property

This is Post Utme Bsu 2023 Commerce Question 5. It is one of the objective questions from the 2023 Post Utme Bsu Commerce examination.

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