Post Utme Caleb University 2020 Commerce Question 39

Practice objective / multiple choice question 39 from the 2020 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2020 Commerce Objective / Multiple Choice
Question 39 POST_UTME_CALEB_UNIVERSITY • 2020 • COMMERCE • objective

A company's insurance policy has a deductible of ₦10,000. If the company incurs a loss of ₦50,000, what is the amount the insurance company pays?

Answer Options

Correct Answer A. ₦40,000
B. ₦30,000
C. ₦20,000
D. ₦10,000
Correct Answer
A
Correct Option:
₦40,000

About This Question

This is Post Utme Caleb University 2020 Commerce Question 39. It is one of the objective questions from the 2020 Post Utme Caleb University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support