O-LevelCommerceInsuranceMay/June 2012Paper 1 Q331 Mark
The owner of a factory holding stock worth $200000 insures the stock for $150000. The premium is $50 per year. A fire causes $40000 of damage and the average clause is applied. How much would the owner receive?
A$30000
B$40000
C$50000
D$150000
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of insurance within the Commercesyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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