Post Utme Caleb University 2019 Commerce Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2019 Commerce Objective / Multiple Choice
Question 3 POST_UTME_CALEB_UNIVERSITY • 2019 • COMMERCE • objective

A company has a product liability insurance policy that covers them against losses due to product defects.

Answer Options

A. The company should not worry about product defects because the insurance policy will cover them.
Correct Answer B. The company should take steps to prevent product defects because it will reduce the risk of losses.
C. The company should increase the premium on the insurance policy because it will reduce the risk of losses.
D. The company should not purchase the insurance policy because it is too expensive.
Correct Answer
B
Correct Option:
The company should take steps to prevent product defects because it will reduce the risk of losses.

About This Question

This is Post Utme Caleb University 2019 Commerce Question 3. It is one of the objective questions from the 2019 Post Utme Caleb University Commerce examination.

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