POST UTME CHRISTOPHER UNIVERSITY 2021 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A marketing strategy is a plan of action designed to promote a product or service. Which of the following is a characteristic of a marketing strategy?
A. Targeting a specific market
B. Creating a unique product
C. Building brand awareness
D. Increasing sales
Question 2
A firm's financial manager is considering a new investment opportunity in a foreign country. The manager has identified the following risks associated with the investment: political risk, economic risk, and exchange rate risk. Which of the following is a way to mitigate political risk?
A. Hedging
B. Diversification
C. Risk avoidance
D. Risk reduction
Question 3
A company is considering investing in a new project. The project has a net present value (NPV) of ₦1,000,000 and a payback period of 5 years. What is the internal rate of return (IRR) of the project?
A. 10%
B. 15%
C. 20%
D. 25%
Question 4
A company is a type of business ownership where multiple people own and operate the business. Which of the following is a characteristic of a company?
A. Unlimited liability
B. Limited liability
C. Single ownership
D. Multiple ownership
Question 5
A company is considering exporting goods to a foreign country. The company expects to earn a profit of ₦1,500,000 from the sale of the goods, but it also expects to incur additional expenses of ₦300,000 due to transportation and customs duties. What is the expected profit from the sale of the goods?
A. ₦1,200,000
B. ₦1,300,000
C. ₦1,500,000
D. ₦1,700,000
Question 6
A firm is considering importing a raw material from a foreign supplier. The cost of the raw material is ₦150 per unit, and the firm expects to use 10,000 units per year for 3 years. If the exchange rate is ₦500 per US dollar, and the supplier is offering a 10% discount on the total cost, what is the minimum amount the firm should pay per unit?
A. ₦1,400
B. ₦1,500
C. ₦1,600
D. ₦1,700
Question 7
A company's production function is given by Q = 100L^0.5K^0.5, where Q is the quantity produced, L is labor, and K is capital. If the company wants to increase its production by 20% while keeping labor constant, what percentage increase in capital is required?
A. 10%
B. 20%
C. 30%
D. 40%
Question 8
A company is considering a new investment opportunity in a foreign country. The company's financial manager has identified the following risks associated with the investment: political risk, economic risk, and exchange rate risk. Which of the following is a way to mitigate exchange rate risk?
A. Hedging
B. Diversification
C. Risk avoidance
D. Risk reduction
Question 9
A company is considering investing in a new production process. The new process will require an initial investment of ₦1,000,000, and the company expects to earn a profit of ₦500,000 per year. However, the company also expects to incur additional expenses of ₦100,000 per year. What is the expected return on investment (ROI) for the new process?
A. 10%
B. 15%
C. 20%
D. 25%
Question 10
A company is considering two different marketing strategies for its new product. Strategy A involves a high initial investment in advertising, but the company expects a high return on investment (ROI) of 25%. Strategy B involves a lower initial investment in advertising, but the company expects a lower ROI of 10%. If the company has a budget of ₦1,000,000 for advertising, which strategy should it choose?
A. Strategy A
B. Strategy B
C. Both strategies are equally effective
D. Neither strategy is effective
Question 11
A sole trader is a type of business ownership where one person owns and operates the business. Which of the following is a characteristic of a sole trader?
A. Unlimited liability
B. Limited liability
C. Single ownership
D. Multiple ownership
Question 12
The _______ of a business refers to the process of creating and distributing value to customers.
A. production
B. marketing
C. distribution
D. consumption
Question 13
A firm is considering exporting its product to a foreign market. The firm's production costs are ₦100 per unit, and the market price in the foreign market is ₦250 per unit. If the firm expects to sell 5,000 units per year for 3 years, what is the minimum amount of foreign currency the firm needs to earn per year to break even?
A. ₦1,250,000
B. ₦1,500,000
C. ₦1,750,000
D. ₦2,000,000
Question 14
A company is considering two different marketing strategies: product differentiation and market segmentation. Which strategy is most likely to increase the company's market share?
A. Product differentiation
B. Market segmentation
C. Both strategies
D. Neither strategy
Question 15
A consumer protection agency has received a complaint from a customer who purchased a product online. The customer alleges that the product was not as described and was defective. Which of the following is a right that the consumer has under the Consumer Protection Act?
A. The right to a refund
B. The right to a replacement
C. The right to compensation
D. All of the above

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