Post Utme Uniben 2021 Commerce Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Uniben Commerce examination.

Post Utme Uniben 2021 Commerce Objective / Multiple Choice
Question 34 POST_UTME_UNIBEN • 2021 • COMMERCE • objective

A company's insurance policy has a deductible of ₦10,000 and a premium of ₦50,000 per year. If the company incurs a loss of ₦150,000, what is the company's net insurance cost?

Answer Options

A. ₦30,000
Correct Answer B. ₦40,000
C. ₦50,000
D. ₦60,000
Correct Answer
B
Correct Option:
₦40,000

About This Question

This is Post Utme Uniben 2021 Commerce Question 34. It is one of the objective questions from the 2021 Post Utme Uniben Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support