Post Utme Uniosun 2019 Commerce Question 15
Practice objective / multiple choice question 15 from the 2019 Post Utme Uniosun Commerce examination.
A company's insurance policy has a premium of ₦50,000 per year. The policy covers against fire, theft, and flood. However, the policy has a deductible clause of ₦20,000. If the company suffers a loss of ₦100,000, what is the total amount the company will receive from the insurance company?
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About This Question
This is Post Utme Uniosun 2019 Commerce Question 15. It is one of the objective questions from the 2019 Post Utme Uniosun Commerce examination.
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