Post Utme Christopher University 2020 Commerce Question 2

Practice objective / multiple choice question 2 from the 2020 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2020 Commerce Objective / Multiple Choice
Question 2 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • COMMERCE • objective

A business has two types of insurance policies: A and B. Policy A has a premium of ₦1000 and a deductible of ₦500. Policy B has a premium of ₦800 and a deductible of ₦200. If the business incurs a loss of ₦1200, which policy should it choose?

Answer Options

A. Policy A
Correct Answer B. Policy B
C. Both policies
D. Neither policy
Correct Answer
B
Correct Option:
Policy B

About This Question

This is Post Utme Christopher University 2020 Commerce Question 2. It is one of the objective questions from the 2020 Post Utme Christopher University Commerce examination.

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