Post Utme Nile University 2022 Commerce Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Nile University Commerce examination.

Post Utme Nile University 2022 Commerce Objective / Multiple Choice
Question 24 POST_UTME_NILE_UNIVERSITY • 2022 • COMMERCE • objective

A company has a warehouse that stores goods worth ₦1 million. The company's insurance policy covers the goods against theft and damage. The policy has a deductible of ₦50,000. If the goods are stolen, what is the amount that the insurance company will pay out?

Answer Options

Correct Answer A. ₦950,000
B. ₦1,000,000
C. ₦1,050,000
D. ₦1,100,000
Correct Answer
A
Correct Option:
₦950,000

About This Question

This is Post Utme Nile University 2022 Commerce Question 24. It is one of the objective questions from the 2022 Post Utme Nile University Commerce examination.

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