Post Utme Coal City University 2021 Commerce Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2021 Commerce Objective / Multiple Choice
Question 15 POST_UTME_COAL_CITY_UNIVERSITY • 2021 • COMMERCE • objective

A company has a risk management policy that requires it to maintain a minimum of ₦50,000 in its risk fund. If the company has a current risk fund balance of ₦30,000 and receives a premium of ₦20,000, what is the new balance in the risk fund?

Answer Options

A. ₦50,000
B. ₦60,000
Correct Answer C. ₦70,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦70,000

About This Question

This is Post Utme Coal City University 2021 Commerce Question 15. It is one of the objective questions from the 2021 Post Utme Coal City University Commerce examination.

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