Post Utme Coal City University 2019 Commerce Question 14

Practice objective / multiple choice question 14 from the 2019 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2019 Commerce Objective / Multiple Choice
Question 14 POST_UTME_COAL_CITY_UNIVERSITY • 2019 • COMMERCE • objective

A company has purchased an insurance policy to protect against business risks. What is the primary purpose of the insurance policy?

Answer Options

Correct Answer A. To provide financial protection against business losses
B. To transfer the risk of business losses to the insurer
C. To reduce the company's tax liability
D. To increase the company's cash flow
Correct Answer
A
Correct Option:
To provide financial protection against business losses

About This Question

This is Post Utme Coal City University 2019 Commerce Question 14. It is one of the objective questions from the 2019 Post Utme Coal City University Commerce examination.

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