POST UTME BOWEN UNIVERSITY 2017 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A bank's customer deposits ₦10,000 into their account, but the bank's system fails to update the account balance. The customer attempts to withdraw ₦5,000 from the account, but the bank's system still shows a balance of ₦0. What is the likely outcome?
Question 2
A company's demand function is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the company wants to maximize its revenue, what price should it charge?
Question 3
A company has a production capacity of 1000 units per day. If it operates for 20 days, what is the total production?
Question 4
A firm is considering two investment projects. Project A has a 10% chance of generating 100,000 and a 90% chance of generating 0. Project B has a 20% chance of generating 80,000 and an 80% chance of generating 0. Which project has a higher expected value?
Question 5
In a perfectly competitive market, the law of supply states that as the price of a commodity increases, the quantity supplied will
Question 6
A company has a warehouse with a capacity of 5000 units. If it receives a shipment of 3000 units, what is the remaining capacity?
Question 7
A company's break-even point is the point at which its total revenue equals its
Question 8
A company's demand function is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the company wants to maximize its revenue, what price should it charge?
Question 9
A firm's demand curve is given by the equation Qd = 100 - 2P, where Qd is the quantity demanded and P is the price. If the price is ₦50, what is the quantity demanded?
Question 10
A consumer's indifference curve is a graphical representation of the various combinations of two goods that the consumer is equally willing to give up in order to obtain one more unit of the other good. The indifference curve is typically upward-sloping because of the law of
Question 11
A company's risk management strategy involves diversification of its investments across various asset classes. Which of the following is a benefit of diversification?
Question 12
A firm's demand curve is typically downward-sloping because of the law of
Question 13
A foreign trade agreement between two countries involves the exchange of goods and services. Which of the following is a benefit of foreign trade?
Question 14
A firm is considering two investment projects. Project A has a 10% chance of generating 100,000 and a 90% chance of generating 0. Project B has a 20% chance of generating 80,000 and an 80% chance of generating 0. Which project has a higher expected value?
Question 15
A bank offers a 5-year fixed deposit account with an interest rate of 8% per annum compounded annually. If a customer deposits ₦100,000 at the beginning of the first year, what will be the amount in the account at the end of the fifth year?
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.
Unlock Full Access
Available for Android & Windows