Post Utme Igbinedion University 2023 Commerce Question 27

Practice objective / multiple choice question 27 from the 2023 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2023 Commerce Objective / Multiple Choice
Question 27 POST_UTME_IGBINEDION_UNIVERSITY • 2023 • COMMERCE • objective

A warehouse is storing goods worth ₦10 million. The goods are insured against theft and damage. What is the primary purpose of the insurance policy?

Answer Options

Correct Answer A. To provide financial compensation in case of loss
B. To reduce the risk of theft and damage
C. To increase the value of the goods
D. To provide education and awareness to consumers
Correct Answer
A
Correct Option:
To provide financial compensation in case of loss

About This Question

This is Post Utme Igbinedion University 2023 Commerce Question 27. It is one of the objective questions from the 2023 Post Utme Igbinedion University Commerce examination.

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