Post Utme Coal City University 2020 Commerce Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2020 Commerce Objective / Multiple Choice
Question 29 POST_UTME_COAL_CITY_UNIVERSITY • 2020 • COMMERCE • objective

A company is considering the purchase of a new insurance policy. The policy has a premium of ₦50,000 per year and covers losses up to ₦1,000,000. What is the expected value of the policy?

Answer Options

A. ₦20,000
Correct Answer B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
B
Correct Option:
₦30,000

About This Question

This is Post Utme Coal City University 2020 Commerce Question 29. It is one of the objective questions from the 2020 Post Utme Coal City University Commerce examination.

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