Post Utme Uniosun 2021 Commerce Question 3

Practice objective / multiple choice question 3 from the 2021 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2021 Commerce Objective / Multiple Choice
Question 3 POST_UTME_UNIOSUN • 2021 • COMMERCE • objective

A business owner purchases an insurance policy to protect against losses due to fire. Which of the following is a type of risk management?

Answer Options

A. Diversification
B. Hedging
Correct Answer C. Insurance
D. Speculation
Correct Answer
C
Correct Option:
Insurance

About This Question

This is Post Utme Uniosun 2021 Commerce Question 3. It is one of the objective questions from the 2021 Post Utme Uniosun Commerce examination.

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