Post Utme Ui 2023 Commerce Question 3
Practice objective / multiple choice question 3 from the 2023 Post Utme Ui Commerce examination.
A company is considering the purchase of a new insurance policy to cover its business operations. The policy has a premium of ₦1,200,000 per annum. The company's accountant estimates that the expected loss per annum is ₦500,000. What is the excess of the premium over the expected loss?
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About This Question
This is Post Utme Ui 2023 Commerce Question 3. It is one of the objective questions from the 2023 Post Utme Ui Commerce examination.
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