Post Utme Uniben 2018 Commerce Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Uniben Commerce examination.

Post Utme Uniben 2018 Commerce Objective / Multiple Choice
Question 8 POST_UTME_UNIBEN • 2018 • COMMERCE • objective

A business owner wants to purchase a liability insurance policy that covers up to ₦5,000,000. If the premium is ₦50,000, what is the excess amount that the business owner will have to pay in the event of a claim?

Answer Options

A. ₦4,950,000
B. ₦4,950,050
C. ₦4,950,500
Correct Answer D. ₦4,950,000
Correct Answer
D
Correct Option:
₦4,950,000

About This Question

This is Post Utme Uniben 2018 Commerce Question 8. It is one of the objective questions from the 2018 Post Utme Uniben Commerce examination.

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