POST UTME CALEB UNIVERSITY 2018 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A company's production function is given by Q = 100L^0.5K^0.5, where Q is output, L is labor, and K is capital. If capital increases by 20% and labor remains constant, what is the percentage change in output?
Question 2
A sole trader, Mr. A, has a business income of ₦500,000 and expenses of ₦200,000. If he pays 25% tax on his business income, how much will he pay in tax?
Question 3
A company has purchased an insurance policy that covers against loss of goods in transit. The premium paid is ₦10,000 and the deductible is ₦5,000. If the company suffers a loss of ₦20,000, what is the amount paid by the insurance company?
Question 4
A company has a sole trader business structure. What is the primary disadvantage of this structure?
Question 5
A company's cost of goods sold (COGS) is ₦1,000,000 and its selling price is ₦2,000,000. If it sells 5,000 units, what is its contribution margin?
Question 6
A company is considering exporting its product to a foreign country. The company has estimated that the cost of production is ₦50 per unit, the selling price in the foreign market is ₦80 per unit, and the transportation cost is ₦20 per unit. What is the profit per unit for the company?
Question 7
A company has a production cost of ₦50 per unit and sells its product for ₦100 per unit. What is the profit per unit?
Question 8
A company has two warehouses, A and B, with capacities of 1000 and 500 units, respectively. Warehouse A has 800 units of product X, while warehouse B has 200 units. If 300 units are to be transferred from warehouse A to warehouse B, what is the new capacity of warehouse A?
Question 9
In a just-in-time (JIT) inventory system, what is the primary goal of the warehouse manager?
Question 10
A consumer protection agency receives a complaint from a customer who was sold a defective product. The agency finds that the product was sold at a price higher than the recommended retail price. What is the agency's likely course of action?
Question 11
A firm has a warehouse with a capacity of 500 units. The firm has 200 units of product X and 300 units of product Y. If the firm receives an order for 150 units of product X, what is the new capacity of the warehouse?
Question 12
A company's production function is given by Q = 100L^0.5K^0.5, where Q is output, L is labor, and K is capital. If labor increases by 20% and capital remains constant, what is the percentage change in output?
Question 13
A bank offers a 5-year fixed deposit account with a 10% interest rate. If you deposit ₦100,000, how much will you receive at the end of the 5-year period?
Question 14
A company has a warehouse with a capacity of 1000 units. The company has 500 units of product X and 300 units of product Y. If the company receives an order for 200 units of product X, what is the new capacity of the warehouse?
Question 15
A firm has a warehouse with a capacity of 500 units. The firm has 300 units of product X and 200 units of product Y. If the firm receives an order for 150 units of product X, what is the new capacity of the warehouse?
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