Post Utme Commerce Questions
Question 86:
Which statement best explains commercialization policies?
- A Public services become prohibited
- B Efficiency becomes business priority
- C Industries stop generating revenue
- D Government ownership disappears fully
Question 87:
A lapse in insurance policy occurs when:
- A Premium payment stops
- B Compensation is approved
- C Insurer changes ownership
- D Policy document renews
Question 88:
A major economic benefit of privatization is:
- A Elimination of industrial growth
- B Attraction of private investment
- C Prevention of market expansion
- D Reduction of entrepreneurial activity
Question 89:
A businessman insuring his warehouse against fire is an example of:
- A Marine insurance policy
- B Property insurance cover
- C Life assurance protection
- D Fidelity guarantee policy
Question 90:
One disadvantage of insurance is:
- A Provision of compensation
- B Encouragement of investments
- C Payment of regular premiums
- D Reduction of business fears