Post Utme Futa 2022 Commerce Question 25
Practice objective / multiple choice question 25 from the 2022 Post Utme Futa Commerce examination.
A company is considering two different insurance policies to protect its business against risks. Policy A has a premium of ₦50,000 per year and provides a maximum payout of ₦200,000 in the event of a loss. Policy B has a premium of ₦30,000 per year and provides a maximum payout of ₦300,000 in the event of a loss. If the company expects to incur a loss of ₦250,000, which policy should it choose?
Answer Options
About This Question
This is Post Utme Futa 2022 Commerce Question 25. It is one of the objective questions from the 2022 Post Utme Futa Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.