POST UTME BELLS UNIVERSITY 2017 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A company's transport system involves the use of specialized vehicles. What is the primary benefit of using specialized vehicles in transport?
Question 2
A company has a loan of ₦500,000 at an interest rate of 10% per annum. If the company makes a payment of ₦50,000 at the end of the first year, what is the new balance?
Question 3
A bank's primary function is to act as a financial intermediary between savers and borrowers. What is the primary benefit of a bank's financial intermediation function?
Question 4
A company has a policy of maintaining a cash reserve of 20% of its total assets. If the company's total assets are ₦1,000,000, what is the minimum amount of cash the company should maintain?
Question 5
A company's foreign exchange risk arises from its exposure to fluctuations in exchange rates. Which of the following is a method of managing foreign exchange risk?
Question 6
A firm's production function is given by Q = 2L^0.5K^0.5, where Q is the output, L is the labor, and K is the capital. If the firm increases its labor from 100 to 120 and its capital from 100 to 120, what is the percentage change in output?
Question 7
A firm's accounts receivable turnover ratio is 8 times per year. If its average accounts receivable is ₦2,000,000, what is the total value of its annual sales?
Question 8
A firm's production function is given by Q = 100L^0.5K^0.5, where Q is output, L is labor, and K is capital. If the firm increases labor from 100 to 121 units and capital from 100 to 121 units, what is the percentage change in output?
Question 9
A company has a policy of maintaining a cash reserve of 20% of its total assets. If the company's total assets are ₦1,000,000, what is the minimum amount of cash the company should maintain?
Question 10
A firm's supply chain involves the transportation of goods from the supplier to the customer. Which of the following is a mode of transportation?
Question 11
The following table shows the number of units sold and the revenue generated by a company for a particular product over a period of 6 months. If the company's fixed costs are ₦120,000 and the variable cost per unit is ₦50, calculate the break-even point in units.
Question 12
A company's cost of goods sold is ₦1,200,000. If its gross profit is ₦450,000, what is its total revenue?
Question 13
A firm's demand function is given by P = 100 - 2Q, where P is price and Q is quantity. If the firm increases price from ₦100 to ₦120, what is the percentage change in quantity demanded?
Question 14
A bank's liquidity ratio is calculated as the ratio of its liquid assets to its total deposits. If a bank has ₦1.2 billion in liquid assets and ₦2.5 billion in total deposits, what is its liquidity ratio?
Question 15
A company has a warehouse with a capacity of 10,000 units. The company's inventory is currently at 8,000 units. If the company receives a new shipment of 2,000 units, what is the new inventory level?
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