Post Utme Elizade University 2018 Commerce Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2018 Commerce Objective / Multiple Choice
Question 4 POST_UTME_ELIZADE_UNIVERSITY • 2018 • COMMERCE • objective

A company has purchased a liability insurance policy with a deductible of ₦50,000. If the company incurs a loss of ₦150,000, what is the company's net loss after deducting the deductible?

Answer Options

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

About This Question

This is Post Utme Elizade University 2018 Commerce Question 4. It is one of the objective questions from the 2018 Post Utme Elizade University Commerce examination.

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