Post Utme Summit University 2018 Commerce Question 4

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

Post Utme Summit University 2018 Commerce Objective / Multiple Choice
Question 4 POST_UTME_SUMMIT_UNIVERSITY • 2018 • COMMERCE • objective

A company's insurance policy covers losses up to ₦1,000,000. If the company suffers a loss of ₦1,500,000, what is the amount the company must pay out of pocket?

Answer Options

A. ₦500,000
Correct Answer B. ₦750,000
C. ₦1,000,000
D. ₦1,500,000
Correct Answer
B
Correct Option:
₦750,000

About This Question

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

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