Post Utme Christopher University 2023 Commerce Question 24

Practice objective / multiple choice question 24 from the 2023 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2023 Commerce Objective / Multiple Choice
Question 24 POST_UTME_CHRISTOPHER_UNIVERSITY • 2023 • COMMERCE • objective

A company has a fleet of 10 vehicles, each with an annual insurance premium of ₦50,000. If the company's risk manager wants to determine the total insurance cost for the next 5 years, calculate the total insurance cost.

Answer Options

A. ₦2,500,000
B. ₦2,750,000
Correct Answer C. ₦3,000,000
D. ₦3,250,000
Correct Answer
C
Correct Option:
₦3,000,000

About This Question

This is Post Utme Christopher University 2023 Commerce Question 24. It is one of the objective questions from the 2023 Post Utme Christopher University Commerce examination.

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