Post Utme Unilorin 2017 Commerce Question 33
Practice objective / multiple choice question 33 from the 2017 Post Utme Unilorin Commerce examination.
A company purchases a liability insurance policy to protect itself against lawsuits. The policy has a deductible of ₦100,000. If the company is sued for ₦500,000 and the insurance company pays ₦400,000, what is the company's net loss?
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About This Question
This is Post Utme Unilorin 2017 Commerce Question 33. It is one of the objective questions from the 2017 Post Utme Unilorin Commerce examination.
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