Post Utme Esut 2020 Commerce Question 19

Practice objective / multiple choice question 19 from the 2020 Post Utme Esut Commerce examination.

Post Utme Esut 2020 Commerce Objective / Multiple Choice
Question 19 POST_UTME_ESUT • 2020 • COMMERCE • objective

A firm's insurance policy has a deductible of ₦10,000 and a policy limit of ₦50,000. If the firm suffers a loss of ₦60,000, what is the insurance company's liability?

Answer Options

A. ₦20,000
B. ₦30,000
Correct Answer C. ₦40,000
D. ₦50,000
Correct Answer
C
Correct Option:
₦40,000

About This Question

This is Post Utme Esut 2020 Commerce Question 19. It is one of the objective questions from the 2020 Post Utme Esut Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support