Post Utme Uniosun 2021 Commerce Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2021 Commerce Objective / Multiple Choice
Question 10 POST_UTME_UNIOSUN • 2021 • COMMERCE • objective

A company has a business insurance policy with a premium of ₦50,000. The policy has a deductible of ₦20,000 and a maximum payout of ₦100,000. If the company suffers a loss of ₦150,000, what is the amount that the insurance company will pay?

Answer Options

Correct Answer A. ₦30,000
B. ₦50,000
C. ₦70,000
D. ₦90,000
Correct Answer
A
Correct Option:
₦30,000

About This Question

This is Post Utme Uniosun 2021 Commerce Question 10. It is one of the objective questions from the 2021 Post Utme Uniosun Commerce examination.

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