Post Utme Mountain Top University 2020 Commerce Question 36

Practice objective / multiple choice question 36 from the 2020 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2020 Commerce Objective / Multiple Choice
Question 36 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2020 • COMMERCE • objective

A company's sole trader is considering the purchase of a liability insurance policy to protect against potential losses. Which of the following is a key benefit of liability insurance for a sole trader?

Answer Options

Correct Answer A. Protection against financial losses due to business-related accidents
B. Increased revenue through improved customer trust
C. Reduced administrative burden through outsourcing risk management
D. Enhanced reputation through compliance with regulatory requirements
Correct Answer
A
Correct Option:
Protection against financial losses due to business-related accidents

About This Question

This is Post Utme Mountain Top University 2020 Commerce Question 36. It is one of the objective questions from the 2020 Post Utme Mountain Top University Commerce examination.

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