Post Utme Unilag 2022 Commerce Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Unilag Commerce examination.

Post Utme Unilag 2022 Commerce Objective / Multiple Choice
Question 15 POST_UTME_UNILAG • 2022 • COMMERCE • objective

A company's sole trader is considering purchasing a liability insurance policy to protect against potential losses. Which of the following is a key benefit of liability insurance?

Answer Options

A. To increase the company's assets
B. To reduce the company's liabilities
Correct Answer C. To protect against potential losses
D. To increase the company's equity
Correct Answer
C
Correct Option:
To protect against potential losses

About This Question

This is Post Utme Unilag 2022 Commerce Question 15. It is one of the objective questions from the 2022 Post Utme Unilag Commerce examination.

View More Post Utme Unilag 2022 Commerce Questions More Post Utme Unilag Practice Questions Back to Questions

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