Post Utme Coal City University 2021 Commerce Question 20

Practice objective / multiple choice question 20 from the 2021 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2021 Commerce Objective / Multiple Choice
Question 20 POST_UTME_COAL_CITY_UNIVERSITY • 2021 • COMMERCE • objective

A company has been sued by a customer who claims that the company's product caused damage to their property. The company's insurance policy has a deductible of ₦200,000. Which of the following is a possible way to minimize the company's financial loss?

Answer Options

A. Paying the deductible
B. Negotiating with the customer
C. Filing a counterclaim
Correct Answer D. Increasing the insurance coverage
Correct Answer
D
Correct Option:
Increasing the insurance coverage

About This Question

This is Post Utme Coal City University 2021 Commerce Question 20. It is one of the objective questions from the 2021 Post Utme Coal City University Commerce examination.

View More Post Utme Coal City University 2021 Commerce Questions More Post Utme Coal City University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support