Post Utme Greenfield University 2024 Commerce Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2024 Commerce Objective / Multiple Choice
Question 38 POST_UTME_GREENFIELD_UNIVERSITY • 2024 • COMMERCE • objective

A firm's insurance policy covers losses due to fire, theft, and natural disasters. The policy has a deductible of ₦50,000. If the firm suffers a loss of ₦200,000 due to fire, how much will the firm have to pay out of pocket?

Answer Options

A. ₦0
B. ₦25,000
Correct Answer C. ₦50,000
D. ₦150,000
Correct Answer
C
Correct Option:
₦50,000

About This Question

This is Post Utme Greenfield University 2024 Commerce Question 38. It is one of the objective questions from the 2024 Post Utme Greenfield University Commerce examination.

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