Post Utme Coal City University 2022 Commerce Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2022 Commerce Objective / Multiple Choice
Question 13 POST_UTME_COAL_CITY_UNIVERSITY • 2022 • COMMERCE • objective

A company purchases an insurance policy that covers losses up to ₦5 million. If the company incurs a loss of ₦3 million, what is the amount the insurance company will pay?

Answer Options

Correct Answer A. ₦3 million
B. ₦5 million
C. ₦2.5 million
D. ₦1.5 million
Correct Answer
A
Correct Option:
₦3 million

About This Question

This is Post Utme Coal City University 2022 Commerce Question 13. It is one of the objective questions from the 2022 Post Utme Coal City University Commerce examination.

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