POST UTME COAL CITY UNIVERSITY 2022 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A company uses a supply chain management system to manage its inventory. What is the primary benefit of this system?
Question 2
A company is considering exporting its product to a foreign market. The company's production costs are as follows: labor costs = ₦50 per unit, raw materials costs = ₦30 per unit, and other costs = ₦20 per unit. If the company expects to sell the product for ₦150 per unit in the foreign market, what is the company's profit per unit?
Question 3
A sole trader has a business income of ₦500,000 and a business expense of ₦200,000. What is the sole trader's profit?
Question 4
A firm is considering two types of warehouses: a public warehouse and a private warehouse. If the firm chooses a public warehouse, what is the expected outcome?
Question 5
In a warehouse with a capacity of 10,000 units, the inventory level is currently at 8,000 units. The warehouse receives a shipment of 2,000 units on the first day of the month and sells 1,500 units on the same day. If the warehouse operates on a first-in, first-out (FIFO) inventory system, what is the total number of units in the warehouse at the end of the first day?
Question 6
A company has two production plants, A and B. Plant A produces 100 units of a good per hour, while plant B produces 80 units per hour. The total cost of production for plant A is ( C_A = 200 + 2Q_A ), where Q_A is the quantity produced, and the total cost of production for plant B is ( C_B = 150 + 1.5Q_B ). If the company wants to produce 500 units of the good and minimize its total cost, what is the optimal production level for plant A?
Question 7
A company's profit is calculated as the difference between revenue and cost. If the company's revenue is ₦10 million and its cost is ₦8 million, what is the company's profit?
Question 8
A company uses a just-in-time inventory system. What is the primary advantage of this system?
Question 9
A firm is considering exporting its products to a foreign market. Which of the following is a potential advantage of exporting?
Question 10
A firm is considering two modes of transportation for its goods: road and rail. The cost of transporting goods by road is ₦100 per unit, while the cost of transporting goods by rail is ₦80 per unit. If the firm wants to minimize its transportation cost, what mode of transportation should it choose?
Question 11
A company is considering exporting its products to a foreign market. If the company chooses to use a freight forwarder, what is the expected outcome?
Question 12
A company purchases an insurance policy that covers losses up to ₦5 million. If the company incurs a loss of ₦3 million, what is the amount the insurance company will pay?
Question 13
A company is considering investing in a new project. Which of the following is a potential benefit of investing in this project?
Question 14
A truck driver is transporting goods from Lagos to Abuja. The driver takes a 2-hour break every 4 hours of driving. If the total driving time is 12 hours, how many breaks will the driver take?
Question 15
A firm is considering two marketing strategies: product differentiation and market segmentation. If the firm chooses product differentiation, what is the expected outcome?
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