Post Utme Lead City University 2024 Commerce Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2024 Commerce Objective / Multiple Choice

Question 14 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • COMMERCE • objective

A company purchases an insurance policy to cover against business interruption losses. The policy has a deductible of ₦500,000. What is the primary purpose of the deductible?

Answer Options

A. To reduce the premium payable

B. To increase the policy's coverage

Correct Answer C. To limit the insurer's liability

D. To enhance the company's cash flow

Correct Answer

Correct Option:

To limit the insurer's liability

About This Question

This is Post Utme Lead City University 2024 Commerce Question 14. It is one of the objective questions from the 2024 Post Utme Lead City University Commerce examination.

View More Post Utme Lead City University 2024 Commerce Questions More Post Utme Lead City University Practice Questions Back to Questions

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