Post Utme Uniport 2021 Commerce Question 35

Practice objective / multiple choice question 35 from the 2021 Post Utme Uniport Commerce examination.

Post Utme Uniport 2021 Commerce Objective / Multiple Choice
Question 35 POST_UTME_UNIPORT • 2021 • COMMERCE • objective

An insurance company is considering two different policies for its customers: a life insurance policy and a health insurance policy. The life insurance policy has a premium of 50,000 naira and a coverage of 1 million naira, while the health insurance policy has a premium of 30,000 naira and a coverage of 500,000 naira. If the company wants to maximize its profit, what should it do?

Answer Options

Correct Answer A. Choose the life insurance policy
B. Choose the health insurance policy
C. Choose neither
D. More information is needed
Correct Answer
A
Correct Option:
Choose the life insurance policy

About This Question

This is Post Utme Uniport 2021 Commerce Question 35. It is one of the objective questions from the 2021 Post Utme Uniport Commerce examination.

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