POST UTME AAUA 2021 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A company's sole trader is considering investing in a new business venture. Which of the following is a key consideration for the sole trader when evaluating the venture?
Question 2
A bank is considering two different loan options for its customers. Option A has an interest rate of 10% per annum and a processing fee of ₦5,000. Option B has an interest rate of 15% per annum and a processing fee of ₦3,000. If the customer borrows ₦100,000 for 1 year, which option will result in lower total cost?
Question 3
A sole trader, Mr. A, has a business that generates an annual revenue of ₦5 million. His business expenses include rent (₦1.2 million), salaries (₦1.5 million), and miscellaneous expenses (₦800,000). If Mr. A's business is taxed at a rate of 20%, what is his taxable income?
Question 4
A company's marketing strategy involves creating a new product line to target a specific demographic. The product line is expected to generate a revenue of ₦1.2 billion in the first year. However, the company's financial analysts have estimated that the production costs will be ₦800 million. If the company's profit margin is 25%, what is the expected profit from the new product line?
Question 5
A life insurance policy has a premium of ₦5000 per year. The policy pays a benefit of ₦200,000 if the policyholder dies within the first 5 years. After 5 years, the policy pays a benefit of ₦100,000. What is the present value of the policy if the discount rate is 5%?
Question 6
A company has a warehouse with a capacity of 1000 units. The warehouse is currently 70% full. If the company receives a new shipment of 200 units, what is the new percentage of the warehouse that is full?
Question 7
A company exports goods worth ₦5 million to a foreign country. If the exchange rate is 1 USD = ₦420, what is the value of the export in USD?
Question 8
A company's sole trader is considering outsourcing its logistics operations to a third-party provider. Which of the following is a key consideration for the sole trader when evaluating the provider?
Question 9
A company's marketing strategy involves creating a new product line to target a specific demographic. The product line is expected to generate a revenue of ₦1.2 billion in the first year. However, the company's financial analysts have estimated that the production costs will be ₦800 million. If the company's profit margin is 25%, what is the expected profit from the new product line?
Question 10
Under the Consumer Protection Act, what is the primary responsibility of the Consumer Protection Council?
Question 11
A firm's revenue function is given by R(P) = 100P - 2P^2. What is the marginal revenue function?
Question 12
A company's sole trader is considering expanding its business operations to a new location. Which of the following is a key consideration for the sole trader when deciding whether to expand?
Question 13
A bank offers a 10% discount on the first ₦10,000 of a deposit and a 5% discount on the remaining amount. If a customer deposits ₦20,000, how much will the customer pay after the discounts?
Question 14
A company's ability to create a unique selling proposition is best described by which of the following marketing concepts?
Question 15
A firm's demand curve is given by the equation Qd = 100 - 2P. If the price of the good is 10, what is the quantity demanded?
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