JAMB Commerce 2012 Objective — Question 20
Question 20 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2012 Objective paper, with the correct answer and a full explanation.
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Assurance is different from insurance in that the former is based on
- A. probability
- B. possibilityCorrect
- C. risk
- D. uncertainty
Explanation
An assurance is based on possibility because it deals with lives. It is taken to cover dependents should the assured die.
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