Post Utme Unn 2020 Commerce Question 24
Practice objective / multiple choice question 24 from the 2020 Post Utme Unn Commerce examination.
A firm's insurance broker is considering two different insurance policies to cover the firm's business risks. Policy A will cost ₦500,000 per annum and has a deductible of ₦100,000, while Policy B will cost ₦750,000 per annum and has a deductible of ₦50,000. If the firm's expected annual loss is ₦200,000, which policy should it choose?
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About This Question
This is Post Utme Unn 2020 Commerce Question 24. It is one of the objective questions from the 2020 Post Utme Unn Commerce examination.
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