Post Utme Futa 2019 Commerce Question 30

Practice objective / multiple choice question 30 from the 2019 Post Utme Futa Commerce examination.

Post Utme Futa 2019 Commerce Objective / Multiple Choice
Question 30 POST_UTME_FUTA • 2019 • COMMERCE • objective

A firm's insurance policy covers against losses due to fire, theft, and natural disasters. What is the primary purpose of insurance?

Answer Options

A. To increase the firm's assets
B. To reduce the firm's liabilities
Correct Answer C. To transfer risk to the insurer
D. To increase the firm's profits
Correct Answer
C
Correct Option:
To transfer risk to the insurer

About This Question

This is Post Utme Futa 2019 Commerce Question 30. It is one of the objective questions from the 2019 Post Utme Futa Commerce examination.

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