Post Utme Skyline University 2018 Commerce Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Skyline University Commerce examination.

Post Utme Skyline University 2018 Commerce Objective / Multiple Choice
Question 4 POST_UTME_SKYLINE_UNIVERSITY • 2018 • COMMERCE • objective

A company has a policy to insure its assets against loss or damage. If the company has an asset worth ₦10,000,000 and the insurance premium is 5% of the asset value, what is the insurance premium?

Answer Options

Correct Answer A. ₦500,000
B. ₦1,000,000
C. ₦5,000,000
D. ₦10,000,000
Correct Answer
A
Correct Option:
₦500,000

About This Question

This is Post Utme Skyline University 2018 Commerce Question 4. It is one of the objective questions from the 2018 Post Utme Skyline University Commerce examination.

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