Post Utme Skyline University 2025 Commerce Question 3

Practice objective / multiple choice question 3 from the 2025 Post Utme Skyline University Commerce examination.

Post Utme Skyline University 2025 Commerce Objective / Multiple Choice
Question 3 POST_UTME_SKYLINE_UNIVERSITY • 2025 • COMMERCE • objective

A business owner wants to purchase a liability insurance policy that covers up to ₦5,000,000. If the premium is 10% of the coverage amount, how much will the owner pay annually?

Answer Options

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

About This Question

This is Post Utme Skyline University 2025 Commerce Question 3. It is one of the objective questions from the 2025 Post Utme Skyline University Commerce examination.

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