Post Utme Oau 2017 Commerce Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Oau Commerce examination.

Post Utme Oau 2017 Commerce Objective / Multiple Choice
Question 10 POST_UTME_OAU • 2017 • COMMERCE • objective

A firm is considering two different types of insurance policies. Policy A has a high premium but a low deductible, while Policy B has a low premium but a high deductible. Which policy should the firm choose if it expects to make a claim every year?

Answer Options

A. Policy A
Correct Answer B. Policy B
C. It depends on the firm's expectations for future claims.
D. The firm should choose the policy with the lower premium.
Correct Answer
B
Correct Option:
Policy B

About This Question

This is Post Utme Oau 2017 Commerce Question 10. It is one of the objective questions from the 2017 Post Utme Oau Commerce examination.

View More Post Utme Oau 2017 Commerce Questions More Post Utme Oau Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support