Post Utme Pan Atlantic University 2017 Commerce Question 1
Practice objective / multiple choice question 1 from the 2017 Post Utme Pan Atlantic University Commerce examination.
A sole trader's business is exposed to a risk of loss due to a fire in the premises. The insurance company offers a policy with a premium of ₦120,000 and a deductible of ₦50,000. If the business suffers a loss of ₦200,000, what is the maximum amount the business will have to pay?
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About This Question
This is Post Utme Pan Atlantic University 2017 Commerce Question 1. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Commerce examination.
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