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O-LevelCommerceInsurance7100/12 · Oct/Nov 2024 · Q251 Mark

Which purpose of insurance is related to payments against losses?

Abusiness confidence

Bcompensation

Cfinancial protection

Drisk reduction

✓ Correct answer

B: compensation

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About this question

Topic: Insurance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2024 Paper 1 Variant 2, question 25.

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