Post Utme Caleb University 2019 Commerce Question 40

Practice objective / multiple choice question 40 from the 2019 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2019 Commerce Objective / Multiple Choice
Question 40 POST_UTME_CALEB_UNIVERSITY • 2019 • COMMERCE • objective

A firm purchases a liability insurance policy with a premium of 500 per year. If the firm's expected loss is 1000 per year, what is the firm's expected profit?

Answer Options

A. 500
Correct Answer B. 1000
C. 1500
D. 2000
Correct Answer
B
Correct Option:
1000

About This Question

This is Post Utme Caleb University 2019 Commerce Question 40. It is one of the objective questions from the 2019 Post Utme Caleb University Commerce examination.

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