Post Utme Ims U 2021 Commerce Question 28

Practice objective / multiple choice question 28 from the 2021 Post Utme Ims U Commerce examination.

Post Utme Ims U 2021 Commerce Objective / Multiple Choice
Question 28 POST_UTME_IMS_U • 2021 • COMMERCE • objective

A firm has the following insurance policy: a comprehensive policy that covers damage to property, liability, and business interruption. If the firm's annual premium is ₦500,000, and the policy has a deductible of ₦50,000, what is the expected value of the insurance policy?

Answer Options

A. ₦450,000
Correct Answer B. ₦500,000
C. ₦550,000
D. ₦600,000
Correct Answer
B
Correct Option:
₦500,000

About This Question

This is Post Utme Ims U 2021 Commerce Question 28. It is one of the objective questions from the 2021 Post Utme Ims U Commerce examination.

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