O-LevelCommerceInsuranceOct/Nov 2024Paper 1 Q311 Mark

AB Repairs insured its garage for $40 000, but the actual value was $60 000. A flood caused $9000 worth of damage to the garage. AB Repairs made a claim for compensation. How much compensation should AB Repairs receive for this claim?

Q: What is the correct answer to this O-Level Commerce question?

The correct answer is B: $6000.

Q: What topic does this question test?

This question tests Insurance in O-Level Commerce (syllabus code 7100). It is worth 1 mark.

A$3000

B$6000

C$9000

D$40000

✓ Correct Answer

The correct answer is B: $6000

📋 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...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This O-Level Commerce Question

Topic

This multiple-choice question tests Insurance in O-Level Commerce (syllabus code 7100). It is worth 1 mark.

Source

This question appeared in the Cambridge O-Level Commerce Oct/Nov 2024 examination, Paper 1 Variant 1.

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