Post Utme Delsu 2023 Commerce Question 4

Practice objective / multiple choice question 4 from the 2023 Post Utme Delsu Commerce examination.

Post Utme Delsu 2023 Commerce Objective / Multiple Choice
Question 4 POST_UTME_DELSU • 2023 • COMMERCE • objective

A firm's insurance policy has a deductible of ₦50,000 and a maximum payout of ₦500,000. If the firm's annual loss is ₦750,000, what is the insurance company's payout?

Answer Options

A. ₦200,000
B. ₦250,000
Correct Answer C. ₦300,000
D. ₦350,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Delsu 2023 Commerce Question 4. It is one of the objective questions from the 2023 Post Utme Delsu Commerce examination.

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