POST UTME BABCOCK UNIVERSITY 2022 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A firm has a 20% markup on its products. If a product costs ₦5,000 to produce, what is the selling price?
Question 2
A firm has a 20% markup on its products. If a product costs ₦5,000 to produce, what is the selling price?
Question 3
A marketing manager wants to promote a new product using a combination of advertising and sales promotion. Which of the following is a suitable advertising strategy?
Question 4
A company has a fleet of 10 vehicles, each with an average annual mileage of 50,000 kilometers. The company's insurance policy has a deductible of ₦5,000. If the company's annual premium is ₦1,200,000, what is the total cost of insurance per vehicle?
Question 5
A consumer purchases a product from a retailer, but the product does not meet the consumer's expectations. The consumer seeks redress through a legal channel. What type of law governs this situation?
Question 6
A company has a policy of paying its employees a 10% bonus on their annual salary. If an employee earns ₦1,200,000 per year, what is the total amount the employee will receive, including the bonus?
Question 7
A company has a warehouse with a capacity of 10,000 units. The company receives a shipment of 5,000 units and already has 3,000 units in stock. What is the total number of units in the warehouse?
Question 8
A consumer purchases a product with a price of ₦20,000. The consumer pays a 10% sales tax and a 5% value-added tax (VAT). What is the total amount paid by the consumer?
Question 9
A warehouse has a storage capacity of 10,000 square meters. If the warehouse is currently occupied by 5,000 square meters of goods, what is the percentage of the warehouse that is occupied?
Question 10
A company is considering the purchase of a new machine. The machine costs ₦500,000 and has a useful life of 5 years. The company expects to sell the machine at the end of its useful life for ₦200,000. What is the annual depreciation of the machine using the straight-line method?
Question 11
A marketing manager is developing a new advertising campaign for a product. The campaign is expected to reach 1 million people and is expected to generate an additional ₦500 million in revenue. If the cost of the campaign is ₦200 million, what is the expected return on investment (ROI) of the campaign?
Question 12
A consumer purchases a product online and pays ₦10,000. However, upon delivery, the product is damaged. The consumer returns the product and receives a refund of ₦8,000. What is the consumer's loss?
Question 13
In a sole proprietorship business, the owner's personal assets are not protected from business liabilities. What is the correct term for this type of business?
Question 14
A bank offers a loan to a customer at an interest rate of 12% per annum. The loan is repayable in 5 years. What is the present value of the loan?
Question 15
A sole trader's business is not registered with the Corporate Affairs Commission (CAC). What is the implication of this on the sole trader's business?
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