Post Utme Igbinedion University 2020 Commerce Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2020 Commerce Objective / Multiple Choice
Question 8 POST_UTME_IGBINEDION_UNIVERSITY • 2020 • COMMERCE • objective

A business purchases a liability insurance policy to protect against potential lawsuits. Which of the following is a key feature of this type of insurance?

Answer Options

A. The policy covers only the business's assets
Correct Answer B. The policy covers only the business's liabilities
C. The policy covers both the business's assets and liabilities
D. The policy does not cover any of the business's assets or liabilities
Correct Answer
B
Correct Option:
The policy covers only the business's liabilities

About This Question

This is Post Utme Igbinedion University 2020 Commerce Question 8. It is one of the objective questions from the 2020 Post Utme Igbinedion University Commerce examination.

View More Post Utme Igbinedion University 2020 Commerce Questions More Post Utme Igbinedion University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support