POST UTME COAL CITY UNIVERSITY 2020 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A consumer protection agency has received a complaint about a company's misleading advertising. Which of the following laws is most likely to be relevant?
A. Federal Competition and Consumer Protection Act (FCCPA)
B. National Industrial Policy and Competitiveness Act (NIPCA)
C. Consumer Protection Council Act (CPCA)
D. Standards Organisation of Nigeria (SON) Act
Question 2
A company uses a transportation mode that involves the movement of goods by sea. What is the primary advantage of this mode?
A. Low transportation costs
B. High speed of transportation
C. Flexibility in transportation routes
D. Reliability of transportation
Question 3
A bank is considering a loan application from a small business. Which of the following financial ratios is most likely to be used to assess the business's creditworthiness?
A. Debt-to-Equity Ratio
B. Current Ratio
C. Return on Assets (ROA)
D. Interest Coverage Ratio
Question 4
A company has a share capital of ₦1,000,000, divided into 100,000 ordinary shares of ₦10 each. If the company issues 20,000 shares to the public, what is the amount of share premium received?
A. ₦100,000
B. ₦200,000
C. ₦300,000
D. ₦400,000
Question 5
A company purchases a machine for ₦200,000 and depreciates it by 10% per annum. If the machine is depreciated for 5 years, what is the total depreciation?
A. ₦50,000
B. ₦60,000
C. ₦70,000
D. ₦80,000
Question 6
A sole trader's business is not required to file accounts with the Companies Registry. True or False?
A. True
B. False
C. It depends on the jurisdiction
D. A sole trader's business is required to file accounts with the Companies Registry
Question 7
A marketing manager is developing a campaign to promote a new product. Which of the following marketing strategies is most likely to be used?
A. Segmentation, Targeting, Positioning (STP)
B. Product Life Cycle (PLC)
C. Marketing Mix (4Ps)
D. Brand Equity
Question 8
A firm's revenue function is given by R(x) = 3x^2 + 15x + 20, where x is the number of units sold. If the firm's fixed costs are ₦500, find the break-even point.
A. ₦300
B. ₦400
C. ₦500
D. ₦600
Question 9
A company is considering the purchase of a new insurance policy. The policy has a premium of ₦50,000 per year and covers losses up to ₦1,000,000. What is the expected value of the policy?
A. ₦20,000
B. ₦30,000
C. ₦40,000
D. ₦50,000
Question 10
A company's articles of association can be amended by a majority vote of the shareholders at a general meeting. Which of the following is a correct statement?
A. The articles of association can be amended by a simple majority vote.
B. The articles of association can be amended by a two-thirds majority vote.
C. The articles of association can be amended by a unanimous vote.
D. The articles of association cannot be amended by a shareholder vote.
Question 11
A company has a warehouse with a capacity of 1000 units. The warehouse is currently 75% full. If 150 units are added to the warehouse, what is the new percentage of capacity?
A. 80%
B. 85%
C. 90%
D. 95%
Question 12
A bank offers a loan with an interest rate of 12% per annum compounded annually. If the principal amount is ₦10,000, what is the amount after 2 years?
A. ₦12,240
B. ₦12,480
C. ₦12,720
D. ₦13,440
Question 13
A foreign trade agreement between two countries involves the exchange of goods worth ₦500,000,000. The agreement is expected to generate a trade surplus of ₦100,000,000 for one of the countries. What is the balance of trade for the country with the trade surplus?
A. ₦300,000,000
B. ₦400,000,000
C. ₦500,000,000
D. ₦600,000,000
Question 14
A firm's revenue function is given by R(x) = 2x^2 + 12x + 15, where x is the number of units sold. If the firm's fixed costs are ₦500, find the break-even point.
A. ₦300
B. ₦400
C. ₦500
D. ₦600
Question 15
A sole trader's business is considered a separate entity from their personal life due to the?
A. Separate Entity Doctrine
B. Limited Liability
C. Piercing the Corporate Veil
D. Business Judgment Rule

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