POST UTME CHRISTOPHER UNIVERSITY 2024 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A consumer protection agency receives a complaint about a company's misleading advertising practices. Which of the following is a possible consequence of the company's actions?
A. Fines and penalties
B. Loss of business reputation
C. Product recalls
D. All of the above
Question 2
A company is considering exporting its products to a foreign country. What is the primary advantage of exporting?
A. Increased market share
B. Reduced competition
C. Increased revenue
D. Reduced production costs
Question 3
A company is exporting goods to a foreign country. Which of the following is a necessary document?
A. Commercial invoice
B. Bill of lading
C. Certificate of origin
D. All of the above
Question 4
A company's insurance policy covers losses due to natural disasters. Which of the following types of insurance is most likely to be relevant?
A. Property Insurance
B. Liability Insurance
C. Business Interruption Insurance
D. Workers' Compensation Insurance
Question 5
A firm's warehousing and stock control system involves the use of a just-in-time inventory management approach. What is the primary benefit of this approach?
A. Reduced storage costs
B. Improved product freshness
C. Increased inventory turnover
D. Enhanced customer satisfaction
Question 6
A firm is considering investing in a new project. The project has a net present value (NPV) of ₦100,000 and a payback period of 5 years. What is the correct interpretation of the NPV?
A. The project is expected to generate a positive NPV.
B. The project is expected to generate a negative NPV.
C. The project is expected to break even.
D. The project is expected to generate a zero NPV.
Question 7
A company is using a marketing strategy that involves creating a sense of urgency to encourage customers to buy. Which of the following is a possible tactic?
A. Limited-time offer
B. Scarcity marketing
C. Free trial offer
D. All of the above
Question 8
A company's marketing strategy involves a mix of advertising and public relations. Which of the following best describes the primary goal of public relations in this context?
A. To create awareness about the company's products
B. To build brand loyalty
C. To establish a positive reputation
D. To generate leads for sales
Question 9
A bank offers a loan of ₦1,000,000 at an interest rate of 10% per annum compounded annually. If the loan is to be repaid in 5 years, what is the total amount to be repaid?
A. ₦1,628,930
B. ₦1,610,000
C. ₦1,650,000
D. ₦1,700,000
Question 10
A company's home and foreign trade activities are subject to various regulations. Which of the following regulations is most likely to apply to the company's exports?
A. Export Control Act
B. Import and Export Duty Act
C. Foreign Exchange (Monitoring and Miscellaneous Provisions) Act
D. National Industrial Policy and Competitiveness Act
Question 11
A firm specializes in producing only one product. This specialization is an example of which of the following production concepts?
A. Economies of scale
B. Division of labor
C. Product differentiation
D. Vertical integration
Question 12
A firm's transport and communication system involves the use of a logistics management approach. What is the primary goal of this approach?
A. Reduced transportation costs
B. Improved delivery times
C. Enhanced customer satisfaction
D. Increased inventory turnover
Question 13
A company is sued for violating the Consumer Protection Act. Which of the following is a possible defense?
A. The company had a valid contract with the consumer
B. The consumer was aware of the risks involved
C. The company had obtained the necessary permits
D. The consumer had not read the fine print
Question 14
A firm's transportation costs can be minimized by using a combination of road and rail transport. What is the name of the transportation model that is used to determine the optimal mix of these two modes?
A. Transportation Model
B. Logistics Model
C. Supply Chain Model
D. Network Model
Question 15
A company uses a combination of advertising and sales promotions to increase sales. This is an example of which of the following marketing strategies?
A. Segmentation
B. Targeting
C. Positioning
D. Pull strategy

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