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?
A$3000
B$6000
C$9000
D$40000
✓ Correct Answer
The correct answer is B. 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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