Post Utme Caleb University 2018 Commerce Question 9

Practice objective / multiple choice question 9 from the 2018 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2018 Commerce Objective / Multiple Choice
Question 9 POST_UTME_CALEB_UNIVERSITY • 2018 • COMMERCE • objective

A company uses the following data to calculate its risk exposure: Probability of loss = 0.05, Expected loss = ₦10,000. What is the risk premium?

Answer Options

A. ₦500
B. ₦1,000
Correct Answer C. ₦5,000
D. ₦10,000
Correct Answer
C
Correct Option:
₦5,000

About This Question

This is Post Utme Caleb University 2018 Commerce Question 9. It is one of the objective questions from the 2018 Post Utme Caleb University Commerce examination.

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