POST UTME BELLS UNIVERSITY 2018 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
In a sole trading business, the owner's personal assets are not protected in case of business debts. What is the name of this business structure?
A. Sole Proprietorship
B. Partnership
C. Limited Liability Company
D. Cooperative Society
Question 2
The concept of 'just-in-time' production is closely related to which of the following production philosophies?
A. Mass Production
B. Just-in-Time Production
C. Total Quality Management
D. Lean Production
Question 3
A marketing strategy that focuses on creating a unique selling proposition (USP) is known as
A. Product Differentiation
B. Market Segmentation
C. Target Marketing
D. Positioning
Question 4
A sole trader has a business that sells goods worth ₦500,000. If the trader's profit margin is 25% and the business has a tax rate of 10%, what is the trader's net profit?
A. ₦62,500
B. ₦65,000
C. ₦67,500
D. ₦70,000
Question 5
A company's sole trader has a warehouse with a capacity of 10,000 units. If the company's average daily sales are 200 units, and the stock level is currently at 50% capacity, what is the number of days the company can maintain its current sales rate without replenishing its stock?
A. 20 days
B. 30 days
C. 40 days
D. 50 days
Question 6
A sole trader has a business that sells goods worth ₦750,000. If the trader's profit margin is 20% and the business has a tax rate of 15%, what is the trader's net profit?
A. ₦90,000
B. ₦92,500
C. ₦95,000
D. ₦97,500
Question 7
A firm's cost function is given by C(L,K) = 2L + 3K. If the firm's output is 16 units and the number of workers is 4, what is the minimum cost of production?
A. ₦100
B. ₦200
C. ₦300
D. ₦400
Question 8
A marketing manager is considering two different advertising campaigns. Campaign A has a cost of ₦1,000,000 and is expected to generate ₦2,500,000 in revenue. Campaign B has a cost of ₦500,000 and is expected to generate ₦1,200,000 in revenue. Which campaign has a higher return on investment (ROI)?
A. 1.25
B. 1.6
C. 2
D. 2.5
Question 9
A company is planning to launch a new product. What is the primary goal of market research in this situation?
A. To identify target market
B. To determine pricing strategy
C. To develop marketing mix
D. To evaluate product features
Question 10
A company's financial statements are audited annually to ensure compliance with accounting standards. What is the primary purpose of this audit?
A. To ensure the company's financial statements are accurate and reliable
B. To identify areas of inefficiency in the company's operations
C. To verify the company's compliance with tax laws
D. To assess the company's risk management practices
Question 11
A warehouse's inventory management system uses the
A. First-In-First-Out (FIFO) Method
B. Last-In-First-Out (LIFO) Method
C. Weighted Average Cost (WAC) Method
D. Moving Average Cost (MAC) Method
Question 12
A company has a portfolio of stocks with a beta of 1.2. If the market return is 8% and the risk-free rate is 4%, what is the expected return on the portfolio?
A. 10%
B. 11%
C. 12%
D. 13%
Question 13
A life insurance policy has a premium of ₦50,000 per year and a death benefit of ₦1,000,000. If the policyholder dies after 5 years, what is the total amount paid to the beneficiary?
A. ₦250000
B. ₦500000
C. ₦750000
D. ₦1000000
Question 14
A warehouse manager wants to optimize storage space by using a first-in-first-out (FIFO) inventory system. What is the primary benefit of this system?
A. Reduced storage costs
B. Improved inventory turnover
C. Enhanced customer satisfaction
D. Increased sales revenue
Question 15
A bank's balance sheet is given by Assets = ₦100,000, Liabilities = ₦50,000, and Equity = ₦50,000. What is the bank's liquidity ratio?
A. 1:1
B. 2:1
C. 3:1
D. 4:1

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