POST UTME CHRISTOPHER UNIVERSITY 2025 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A sole trader's business is not registered with the Corporate Affairs Commission (CAC). What is the legal implication of this?
Question 2
A firm is considering investing in a new project that has a net present value (NPV) of ₦100,000 and a payback period of 5 years. If the firm's cost of capital is 10%, what is the internal rate of return (IRR) of the project?
Question 3
A bank has a reserve requirement of 10% and a cash reserve ratio of 20%. If it has ₦100,000 in reserves and ₦500,000 in deposits, what is the maximum amount of loans it can make?
Question 4
A firm produces two products, X and Y, using two inputs, labor and capital. The production function for X is given by Q_X = 2L^0.5K^0.5, where L is labor and K is capital. The production function for Y is given by Q_Y = 3L^0.7K^0.3. If the firm has 100 units of labor and 50 units of capital, how many units of product X and product Y should it produce to maximize profit?
Question 5
A company's articles of association may be amended by a special resolution passed by a two-thirds majority vote of its members. True or False?
Question 6
A sole trader's business is considered a separate legal entity from its owner. True or False?
Question 7
A company is considering exporting its products to a foreign market. What type of trade is this?
Question 8
A company has a share capital of ₦1,000,000, divided into 100,000 ordinary shares of ₦10 each. If the company issues 50,000 shares at a premium of ₦5 per share, what is the total amount received from the issue of shares?
Question 9
A firm's production function is given by Q = 100L^0.5K^0.5, where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm increases its labor input from 100 units to 121 units, and its capital input from 100 units to 121 units, what is the marginal product of labor?
Question 10
A firm specializes in producing a single product, which is a type of commodity. The commodity is characterized by its homogeneity, lack of brand loyalty, and high elasticity of demand. What type of commodity is this?
Question 11
A company uses the following data to calculate its weighted average cost of capital (WACC):
Question 12
A company exports 80% of its production to foreign countries. If the company's total production is 10,000 units, how many units are exported?
Question 13
A firm's supply chain management involves the coordination of activities from raw material sourcing to end-product delivery. Which of the following is NOT a key activity in a firm's supply chain?
Question 14
A sole trader is considering hiring an employee to help with the business. What type of business unit is this?
Question 15
A sole trader's business is registered with the Corporate Affairs Commission (CAC). What is the sole trader required to do under the Companies and Allied Matters Act?
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