Post Utme Lead City University 2017 Commerce Question 19

Practice objective / multiple choice question 19 from the 2017 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2017 Commerce Objective / Multiple Choice
Question 19 POST_UTME_LEAD_CITY_UNIVERSITY • 2017 • COMMERCE • objective

A company purchases a life insurance policy for one of its employees. The policy pays a benefit of ₦1 million in the event of the employee's death. What is the premium paid by the company for the policy?

Answer Options

A. ₦50,000
B. ₦75,000
C. ₦100,000
Correct Answer D. ₦125,000
Correct Answer
D
Correct Option:
₦125,000

About This Question

This is Post Utme Lead City University 2017 Commerce Question 19. It is one of the objective questions from the 2017 Post Utme Lead City 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