Post Utme Lead City University 2024 Commerce Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2024 Commerce Objective / Multiple Choice
Question 34 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • COMMERCE • objective

A company's insurance policy covers the following risks: fire, theft, and liability. Which of the following is a correct statement regarding the coverage provided by the insurance policy?

Answer Options

A. The insurance policy covers the company's assets against fire and theft, but not against liability.
B. The insurance policy covers the company's liability against claims made by third parties, but not against fire and theft.
Correct Answer C. The insurance policy covers the company's assets against fire and theft, and also provides liability coverage against claims made by third parties.
D. The insurance policy does not cover the company's assets against fire and theft, and also does not provide liability coverage against claims made by third parties.
Correct Answer
C
Correct Option:
The insurance policy covers the company's assets against fire and theft, and also provides liability coverage against claims made by third parties.

About This Question

This is Post Utme Lead City University 2024 Commerce Question 34. It is one of the objective questions from the 2024 Post Utme Lead City University Commerce examination.

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