Post Utme Joseph Ayo Babalola University 2025 Commerce Question 23

Practice objective / multiple choice question 23 from the 2025 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2025 Commerce Objective / Multiple Choice
Question 23 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2025 • COMMERCE • objective

A company's insurance policy has a deductible of ₦50,000 and a maximum payout of ₦500,000. If the company suffers a loss of ₦750,000, how much will it pay out of pocket?

Answer Options

A. ₦50,000
B. ₦100,000
Correct Answer C. ₦150,000
D. ₦200,000
Correct Answer
C
Correct Option:
₦150,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2025 Commerce Question 23. It is one of the objective questions from the 2025 Post Utme Joseph Ayo Babalola University Commerce examination.

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