Post Utme Bsu 2024 Commerce Question 36

Practice objective / multiple choice question 36 from the 2024 Post Utme Bsu Commerce examination.

Post Utme Bsu 2024 Commerce Objective / Multiple Choice
Question 36 POST_UTME_BSU • 2024 • COMMERCE • objective

A company is considering two different insurance policies to cover its assets. Policy A has a premium of ₦120,000 and a deductible of ₦50,000. Policy B has a premium of ₦90,000 and a deductible of ₦20,000. If the company expects to incur a loss of ₦150,000, which policy would provide the greatest coverage?

Answer Options

Correct Answer A. Policy A
B. Policy B
C. Both policies offer the same coverage
D. Neither policy offers sufficient coverage
Correct Answer
A
Correct Option:
Policy A

About This Question

This is Post Utme Bsu 2024 Commerce Question 36. It is one of the objective questions from the 2024 Post Utme Bsu Commerce examination.

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