POST UTME BOWEN UNIVERSITY 2025 Commerce | Objective
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Question 1
A firm specializes in producing a single product, which is sold in both domestic and foreign markets. The firm's production function is given by Q = 100L^0.5, where Q is the quantity produced and L is the labor input. If the firm's labor input is 400 units, what is the quantity produced?
Question 2
A company exports goods to a foreign country. Which of the following is a key consideration in international trade?
Question 3
A company is considering the purchase of a new machine that will cost ₦1,000,000. The machine is expected to last for 10 years and will save the company ₦100,000 per year in labor costs. What is the payback period of the machine?
Question 4
A company is considering the introduction of a new marketing strategy. The strategy has a fixed cost of ₦400,000 and a variable cost of ₦200 per unit. The selling price of the product is ₦400 per unit. If the company wants to make a profit of ₦250,000, how many units of the product must it sell?
Question 5
A company is considering outsourcing its logistics operations to a third-party provider. What are the potential benefits of this decision?
Question 6
A firm exports 100 units of a product to a foreign country. The product sells for 10 per unit in the foreign market. If the exchange rate is 1 USD = 400 Naira, what is the total value of the export in Naira?
Question 7
A consumer protection agency receives a complaint about a company's deceptive advertising practices. Which of the following is a key principle of consumer protection law?
Question 8
A firm has a production function Q = 2L^0.5, where Q is the quantity produced and L is the labor input. If the firm's labor input is 900 units, what is the quantity produced?
Question 9
A company is considering two different specialization options for its products. Option A involves specializing in a single product, while Option B involves diversifying into multiple products. If the company expects to produce 10,000 units of the product per year, which option should it choose?
Question 10
In a country with a mixed economy, what is the primary role of the government in the production of goods and services?
Question 11
A consumer protection agency receives a complaint about a firm's product. The agency investigates and finds that the product does not meet the required standards. What action should the agency take?
Question 12
A firm is considering two different warehousing options for its products. Option A involves using a large warehouse to store the products, while Option B involves using a small warehouse to store the products. If the firm expects to store 20,000 units of the product per year, which option should it choose?
Question 13
A company is considering two different transportation options for its products. Option A involves using a truck to transport the products, while Option B involves using a train to transport the products. If the company expects to transport 50,000 units of the product per year, which option should it choose?
Question 14
A company has a production process that involves the use of a chemical substance. The company has been using the substance for several years without any issues. However, recent studies have shown that the substance may be hazardous to the environment. What is the primary responsibility of the company in this situation?
Question 15
A warehouse has a storage capacity of 10,000 units. If 8,000 units are already stored, what percentage of the warehouse is occupied?
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