Post Utme Mountain Top University 2025 Commerce Question 4
Practice objective / multiple choice question 4 from the 2025 Post Utme Mountain Top University Commerce examination.
A company purchases a liability insurance policy to cover potential lawsuits. The policy has a deductible of ₦500,000 and a premium of ₦200,000 per year. If the company is sued for ₦1,000,000 and the insurance policy covers the lawsuit, what is the company's net loss?
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About This Question
This is Post Utme Mountain Top University 2025 Commerce Question 4. It is one of the objective questions from the 2025 Post Utme Mountain Top University Commerce examination.
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