Post Utme Futo 2023 Commerce Question 40
Practice objective / multiple choice question 40 from the 2023 Post Utme Futo Commerce examination.
A firm is considering two different insurance policies to cover its business risks. The first policy has a premium of ₦50,000 and a deductible of ₦10,000. The second policy has a premium of ₦30,000 and a deductible of ₦5,000. If the firm expects to incur a loss of ₦20,000, which policy should it choose?
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About This Question
This is Post Utme Futo 2023 Commerce Question 40. It is one of the objective questions from the 2023 Post Utme Futo Commerce examination.
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