Post Utme Skyline University 2018 Commerce Question 30

Practice objective / multiple choice question 30 from the 2018 Post Utme Skyline University Commerce examination.

Post Utme Skyline University 2018 Commerce Objective / Multiple Choice
Question 30 POST_UTME_SKYLINE_UNIVERSITY • 2018 • COMMERCE • objective

A business may choose to insure itself against certain risks. What is the primary purpose of insurance?

Answer Options

Correct Answer A. To transfer risk to a third party
B. To reduce the likelihood of a loss
C. To increase the potential gain from a business venture
D. To provide a source of funds in case of a loss
Correct Answer
A
Correct Option:
To transfer risk to a third party

About This Question

This is Post Utme Skyline University 2018 Commerce Question 30. It is one of the objective questions from the 2018 Post Utme Skyline University Commerce examination.

View More Post Utme Skyline University 2018 Commerce Questions More Post Utme Skyline University 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