Post Utme Covenant University 2021 Commerce Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2021 Commerce Objective / Multiple Choice
Question 23 POST_UTME_COVENANT_UNIVERSITY • 2021 • COMMERCE • objective

A company is exporting goods to a foreign country. The company has a 10% chance of losing the shipment due to customs delays. If the company has a 100,000 insurance policy, what is the expected value of the loss?

Answer Options

Correct Answer A. 10,000
B. 20,000
C. 30,000
D. 40,000
Correct Answer
A
Correct Option:
10,000

About This Question

This is Post Utme Covenant University 2021 Commerce Question 23. It is one of the objective questions from the 2021 Post Utme Covenant University Commerce examination.

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