Post Utme Futo 2022 Commerce Question 40
Practice objective / multiple choice question 40 from the 2022 Post Utme Futo Commerce examination.
A company is considering two different insurance policies to cover its business risks. Policy A costs ₦50,000 per year and covers up to ₦200,000 in losses, while Policy B costs ₦75,000 per year and covers up to ₦500,000 in losses. If the company expects to incur losses of up to ₦300,000 per year, which policy is more cost-effective?
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About This Question
This is Post Utme Futo 2022 Commerce Question 40. It is one of the objective questions from the 2022 Post Utme Futo Commerce examination.
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