Post Utme Lead City University 2023 Commerce Question 4

Practice objective / multiple choice question 4 from the 2023 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2023 Commerce Objective / Multiple Choice
Question 4 POST_UTME_LEAD_CITY_UNIVERSITY • 2023 • COMMERCE • objective

A company's warehouse is damaged in a fire, resulting in a loss of inventory. The company's insurance policy covers losses due to fire. What is the effect of this policy on the company's financial position?

Answer Options

A. The company's financial position is unaffected.
Correct Answer B. The company's financial position is improved.
C. The company's financial position is worsened.
D. The company's financial position is neutral.
Correct Answer
B
Correct Option:
The company's financial position is improved.

About This Question

This is Post Utme Lead City University 2023 Commerce Question 4. It is one of the objective questions from the 2023 Post Utme Lead City University Commerce examination.

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