POST UTME CALEB UNIVERSITY 2017 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A marketing manager is developing a campaign to promote a new product. The campaign is expected to reach a large audience, but it also has the potential to be misinterpreted. Which of the following is the most appropriate approach?
A. The marketing manager should focus on creating a catchy slogan to grab the audience's attention.
B. The marketing manager should conduct a thorough analysis of the target audience to ensure the campaign is effective.
C. The marketing manager should avoid using any language that could be misinterpreted.
D. The marketing manager should seek the advice of a regulatory agency before launching the campaign.
Question 2
A company has a warehouse with a capacity of 10,000 units. The company receives an order for 8,000 units and has a safety stock of 2,000 units. What is the total stock level after receiving the order?
A. 10000
B. 8000
C. 12000
D. 2000
Question 3
A firm is considering two types of insurance: a comprehensive insurance policy and a liability insurance policy. Which policy is more likely to cover losses due to natural disasters?
A. Comprehensive insurance policy
B. Liability insurance policy
C. Both policies are equally effective
D. Neither policy is effective
Question 4
A firm has decided to purchase an insurance policy to protect itself against losses due to natural disasters. What type of risk is this firm trying to mitigate?
A. Operational Risk
B. Strategic Risk
C. Financial Risk
D. Compliance Risk
Question 5
A company uses a transportation management system to optimize its logistics operations. However, this system requires significant investments in technology and infrastructure. What is the potential benefit of this system?
A. Reduced transportation costs
B. Improved supply chain efficiency
C. Increased inventory levels
D. Enhanced customer satisfaction
Question 6
A company is considering the use of a new transportation mode to reduce its logistics costs. What type of transportation mode is this company considering?
A. Air Transport
B. Rail Transport
C. Road Transport
D. Water Transport
Question 7
In a perfectly competitive market, the supply curve is typically represented by the marginal cost curve. What is the relationship between the marginal revenue curve and the marginal cost curve in this market?
A. The marginal revenue curve is always above the marginal cost curve.
B. The marginal revenue curve is always below the marginal cost curve.
C. The marginal revenue curve intersects the marginal cost curve at the equilibrium price.
D. The marginal revenue curve is horizontal and the marginal cost curve is vertical.
Question 8
A company has a 10% chance of losing a customer due to a competitor's marketing campaign. If the company has 1000 customers, how many customers can it expect to lose?
A. 100 customers
B. 150 customers
C. 200 customers
D. 250 customers
Question 9
A company's financial year ends on 31st December. If the company's financial statements are to be audited, what is the earliest date by which the audit should be completed?
A. 31st January
B. 31st January
C. 31st January
D. 31st January
Question 10
A company specializes in producing and selling a single product, which is a type of electronic device. The company's production process involves several stages, including design, prototyping, testing, and manufacturing. The company uses a just-in-time (JIT) inventory system to manage its inventory levels. What is the primary advantage of using a JIT inventory system in this context?
A. Reduced inventory costs
B. Improved product quality
C. Increased production efficiency
D. Enhanced customer satisfaction
Question 11
A company is considering the use of a new marketing strategy that involves creating a viral video campaign. What type of marketing strategy is this company adopting?
A. Social Media Marketing
B. Content Marketing
C. Influencer Marketing
D. Experiential Marketing
Question 12
A company's inventory management system uses a first-in-first-out (FIFO) method to track stock levels. If the system is not properly calibrated, what is the likely consequence on the company's financial statements?
A. The company's revenue will increase due to overstocking.
B. The company's cost of goods sold will be understated.
C. The company's inventory levels will be misreported.
D. The company's cash flow will be negatively impacted.
Question 13
A company is considering the introduction of a new product. The product is expected to generate significant revenue, but it also poses a risk to the environment. Which of the following is the most appropriate course of action?
A. The company should proceed with the introduction of the product.
B. The company should conduct a thorough environmental impact assessment before introducing the product.
C. The company should abandon the product due to environmental concerns.
D. The company should seek the advice of a regulatory agency before introducing the product.
Question 14
A company is considering two different marketing strategies for its new product: a product positioning strategy and a product differentiation strategy. Which strategy is more likely to result in higher sales volume in the long run?
A. Product positioning strategy
B. Product differentiation strategy
C. Price skimming strategy
D. Bundle pricing strategy
Question 15
A sole trader has decided to expand its operations to include the production of new products. What type of business unit is this sole trader adopting?
A. Sole Trade
B. Partnership
C. Limited Liability Company
D. Cooperative Society

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