Post Utme Mountain Top University 2023 Commerce Question 34

Practice objective / multiple choice question 34 from the 2023 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2023 Commerce Objective / Multiple Choice
Question 34 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2023 • COMMERCE • objective

A company purchases an insurance policy to protect against losses due to natural disasters. The policy has a deductible of ₦100,000. Which of the following is a benefit of having a deductible?

Answer Options

Correct Answer A. It reduces the premium paid by the company
B. It increases the risk of losses for the company
C. It reduces the risk of losses for the company
D. It increases the premium paid by the company
Correct Answer
A
Correct Option:
It reduces the premium paid by the company

About This Question

This is Post Utme Mountain Top University 2023 Commerce Question 34. It is one of the objective questions from the 2023 Post Utme Mountain Top University Commerce examination.

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