Post Utme Ims U 2023 Commerce Question 13
Practice objective / multiple choice question 13 from the 2023 Post Utme Ims U Commerce examination.
A firm is considering two different insurance policies to protect its assets. Policy A has a premium of ₦10,000 per year, while Policy B has a premium of ₦5,000 per year. However, Policy B has a deductible of ₦20,000. If the firm expects to incur a loss of ₦30,000, what is the total cost of Policy B?
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About This Question
This is Post Utme Ims U 2023 Commerce Question 13. It is one of the objective questions from the 2023 Post Utme Ims U Commerce examination.
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