Post Utme Coal City University 2019 Commerce Question 30

Practice objective / multiple choice question 30 from the 2019 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2019 Commerce Objective / Multiple Choice
Question 30 POST_UTME_COAL_CITY_UNIVERSITY • 2019 • COMMERCE • objective

A company has a risk management strategy that involves a deductible of ₦50,000 and a coinsurance clause of 80%. If the company suffers a loss of ₦200,000, what is the amount of the insurance claim?

Answer Options

A. ₦150,000
Correct Answer B. ₦160,000
C. ₦170,000
D. ₦180,000
Correct Answer
B
Correct Option:
₦160,000

About This Question

This is Post Utme Coal City University 2019 Commerce Question 30. It is one of the objective questions from the 2019 Post Utme Coal City University Commerce examination.

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