Post Utme Lasu 2021 Commerce Question 25

Practice objective / multiple choice question 25 from the 2021 Post Utme Lasu Commerce examination.

Post Utme Lasu 2021 Commerce Objective / Multiple Choice
Question 25 POST_UTME_LASU • 2021 • COMMERCE • objective

A firm's insurance policy has a deductible of ₦10,000 and a maximum payout of ₦50,000. If the firm incurs a loss of ₦60,000, how much will it pay in premiums?

Answer Options

A. ₦10,000
Correct Answer B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Lasu 2021 Commerce Question 25. It is one of the objective questions from the 2021 Post Utme Lasu Commerce examination.

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