Post Utme Greenfield University 2024 Commerce Question 42

Practice objective / multiple choice question 42 from the 2024 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2024 Commerce Objective / Multiple Choice
Question 42 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 ₦75,000. If the firm suffers a loss of ₦250,000 due to fire, how much will the firm have to pay out of pocket?

Answer Options

A. ₦0
B. ₦25,000
C. ₦50,000
Correct Answer D. ₦175,000
Correct Answer
D
Correct Option:
₦175,000

About This Question

This is Post Utme Greenfield University 2024 Commerce Question 42. It is one of the objective questions from the 2024 Post Utme Greenfield University Commerce examination.

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