O-LevelCommerceInsuranceOct/Nov 2020Paper 2 Q216 Marks
A carpet wholesaler wishes to insure its warehouse and stock against the risk of fire and theft. Fig. 2.1 shows the annual insurance premiums quoted for this. [Table data: Warehouse value $760000 annual premium $1 per $1000; Stock value $622000 annual premium $5 per $1000] Fig. 2.1 Insurance premium quotation Use Fig. 2.1 to help you answer the following questions.
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The correct answer is —. This question tests the candidate's understanding of insurance within the Commercesyllabus. The examiner's mark scheme requires...
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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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