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WAEC Commerce 2024 Question 23

Question 23

Insurance

The insurance policy that covers a company against cashiers' dishonesty is

  1. A.consequential loss.
  2. B.employers' liability.
  3. C.fidelity guarantee.
  4. D.third party.
Show the answer and explanation

Answer: C (fidelity guarantee.)

Explanation

Fidelity guarantee insures an employer against loss from employees' fraud or dishonesty.