Post Utme Covenant University 2022 Commerce Question 10

Practice objective / multiple choice question 10 from the 2022 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2022 Commerce Objective / Multiple Choice
Question 10 POST_UTME_COVENANT_UNIVERSITY • 2022 • COMMERCE • objective

A company has a fleet of vehicles that are used for transportation. The company's insurance policy has a deductible of ₦50,000. If the company incurs a loss of ₦200,000, what is the amount that the company will have to pay out of pocket?

Answer Options

A. ₦0
Correct Answer B. ₦50,000
C. ₦100,000
D. ₦150,000
Correct Answer
B
Correct Option:
₦50,000

About This Question

This is Post Utme Covenant University 2022 Commerce Question 10. It is one of the objective questions from the 2022 Post Utme Covenant University Commerce examination.

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