Post Utme Osustech 2021 Commerce Question 8

Practice objective / multiple choice question 8 from the 2021 Post Utme Osustech Commerce examination.

Post Utme Osustech 2021 Commerce Objective / Multiple Choice
Question 8 POST_UTME_OSUSTECH • 2021 • COMMERCE • objective

A company has a business interruption insurance policy that covers losses due to unforeseen events. The policy has a deductible of ₦100,000 and a coverage limit of ₦500,000. If the company experiences a loss of ₦750,000, how much will be paid out by the insurer?

Answer Options

Correct Answer A. ₦350,000
B. ₦400,000
C. ₦450,000
D. ₦500,000
Correct Answer
A
Correct Option:
₦350,000

About This Question

This is Post Utme Osustech 2021 Commerce Question 8. It is one of the objective questions from the 2021 Post Utme Osustech Commerce examination.

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