Post Utme Ims U 2020 Commerce Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Ims U Commerce examination.

Post Utme Ims U 2020 Commerce Objective / Multiple Choice
Question 4 POST_UTME_IMS_U • 2020 • COMMERCE • objective

A firm's risk management strategy involves the use of insurance to mitigate potential losses. Which of the following is a key characteristic of insurance?

Answer Options

A. It is a form of investment
Correct Answer B. It is a way to reduce risk
C. It is a way to increase revenue
D. It is a way to reduce costs
Correct Answer
B
Correct Option:
It is a way to reduce risk

About This Question

This is Post Utme Ims U 2020 Commerce Question 4. It is one of the objective questions from the 2020 Post Utme Ims U Commerce examination.

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