POST UTME ACHIEVERS UNIVERSITY 2024 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A company has a warehouse with a capacity of 5,000 units. The warehouse is currently 80% full, and the manager wants to add 1,500 more units of stock. If the warehouse is rectangular in shape, and the length is 2 times the width, what is the maximum number of units that can be stored in the warehouse?
Question 2
A firm is considering investing in a new project that has a net present value (NPV) of ₦1,500,000. The cost of capital for the firm is 12%. What is the internal rate of return (IRR) of the project?
Question 3
A company is considering a new marketing strategy that involves creating a social media campaign to promote its products. The campaign will be run for 6 months, and the company expects to spend ₦1,500,000 per month on advertising. If the company's profit margin is 25%, and it sells each product for ₦5,000, what is the minimum number of products the company must sell to break even?
Question 4
A company is considering two different marketing strategies for its new product. The first strategy involves a high level of advertising and promotion, while the second strategy involves a low level of advertising and promotion. Which of the following is a potential advantage of the second strategy?
Question 5
A firm is considering exporting its product to a foreign market. What is the name of the document that the firm needs to obtain in order to export its product?
Question 6
A bank has a reserve requirement of 10% for its customers. If a customer has a deposit of ₦100000, how much will the bank be required to hold in reserve?
Question 7
A firm is considering investing in a new project that has a net present value (NPV) of ₦1,000,000. The cost of capital for the firm is 10%. What is the internal rate of return (IRR) of the project?
Question 8
A company has a sole trader structure. What is the primary disadvantage of this structure?
Question 9
A company has a sole trader structure. What is the primary advantage of this structure?
Question 10
A company uses the following transportation costs per unit: Road: ₦20, Rail: ₦30, Air: ₦50. If the company needs to transport 100 units, what is the minimum cost?
Question 11
A company has a warehouse with a capacity of 10,000 units. The company receives an order for 5,000 units. What is the minimum number of units that the company must hold in stock?
Question 12
A company has a warehouse with a capacity of 1000 units. The warehouse is currently 75% full. If 150 units are added to the warehouse, what is the new percentage capacity?
Question 13
A company is considering launching a new product in the Nigerian market. Which of the following marketing strategies would be most effective in creating awareness about the product?
Question 14
A sole trader is considering expanding their business to include a new product line. Which of the following is a key advantage of a sole trader business structure?
Question 15
A company is considering two marketing strategies: Strategy A involves a high initial investment with a potential for high returns, while Strategy B involves a low initial investment with a potential for lower returns. If the company chooses Strategy A, it will have to spend ₦1,500,000 on advertising. If it chooses Strategy B, it will have to spend ₦500,000 on advertising. The company's profit function is given by P(x) = 2x^2 - 1000x + 5000, where x is the number of units sold. If the company sells 100 units, what is the total cost of the marketing strategy?
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