If a businessman wants to insure against dishonesty of the cashier, he will take

Assessment: WAEC SSCE - Commerce - 2010 (Objective) Subject: Commerce

Question 1 Report

If a businessman wants to insure against dishonesty of the cashier, he will take

Answer Details
If a businessman wants to insure against the dishonesty of the cashier, he will take a fidelity guarantee cover. A fidelity guarantee cover, also known as a fidelity bond, is an insurance policy that protects businesses against losses caused by the fraudulent or dishonest acts of their employees. Specifically, a fidelity guarantee cover provides coverage for losses resulting from the theft or embezzlement of money, securities, or other property by an employee. In this case, the businessman is concerned about the dishonesty of the cashier, and a fidelity guarantee cover would provide the necessary protection against any losses that may result from the cashier's fraudulent or dishonest actions. Therefore, the businessman should take a fidelity guarantee cover to insure against the risk of dishonesty by the cashier.

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning