Post Utme Unilorin 2022 Commerce Question 39

Practice objective / multiple choice question 39 from the 2022 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2022 Commerce Objective / Multiple Choice
Question 39 POST_UTME_UNILORIN • 2022 • COMMERCE • objective

A company has a business interruption insurance policy that covers losses due to natural disasters. The policy has a deductible of ₦500,000. If the company suffers a loss of ₦1,500,000 due to a flood, how much will the insurance company pay?

Answer Options

A. ₦1,000,000
B. ₦1,500,000
Correct Answer C. ₦1,000,000 + ₦500,000
D. ₦1,500,000 - ₦500,000
Correct Answer
C
Correct Option:
₦1,000,000 + ₦500,000

About This Question

This is Post Utme Unilorin 2022 Commerce Question 39. It is one of the objective questions from the 2022 Post Utme Unilorin Commerce examination.

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