POST UTME CRAWFORD UNIVERSITY 2019 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A consumer protection law requires that all products sold in the market must have a clear label indicating the ingredients used in the product. What is the primary purpose of this labeling requirement?
A. To increase sales
B. To reduce production costs
C. To inform consumers about product ingredients
D. To reduce market competition
Question 2
A company has a business interruption insurance policy that covers losses due to fire. If the company's premises are damaged by fire and the policy pays out ₦1 million, what is the company's deductible?
A. ₦100,000
B. ₦200,000
C. ₦500,000
D. ₦1 million
Question 3
A company has a marketing budget of ₦1,000,000. If it allocates 30% of the budget to advertising, how much will it spend on advertising?
A. ₦300,000
B. ₦350,000
C. ₦400,000
D. ₦450,000
Question 4
A firm is considering the introduction of a new product line. The product requires a significant investment in marketing and advertising. However, the company's financial analysts have estimated that the return on investment (ROI) for the product will be 15% per annum. If the company's cost of capital is 10% per annum, what is the expected net present value (NPV) of the investment?
A. ₦100,000
B. ₦120,000
C. ₦150,000
D. ₦180,000
Question 5
The _______ of a firm refers to the process of producing a single product using a single production process.
A. Division of Labor
B. Economies of Scale
C. Production
D. Specialization
Question 6
A company uses the following data to calculate its marketing mix: product price = ₦100, product quality = 8/10, distribution channels = 6/10, advertising = 9/10. What is the overall marketing mix score?
A. 6.2/10
B. 6.5/10
C. 6.8/10
D. 7.1/10
Question 7
A company is considering the introduction of a new product line. The product requires a significant investment in marketing and advertising. However, the company's financial analysts have estimated that the return on investment (ROI) for the product will be 15% per annum. If the company's cost of capital is 10% per annum, what is the expected net present value (NPV) of the investment?
A. ₦100,000
B. ₦120,000
C. ₦150,000
D. ₦180,000
Question 8
A company is considering the introduction of a new product line. The product requires a significant investment in marketing and advertising. However, the company's financial analysts have estimated that the return on investment (ROI) for the product will be 15% per annum. If the company's cost of capital is 10% per annum, what is the expected net present value (NPV) of the investment?
A. ₦100,000
B. ₦120,000
C. ₦150,000
D. ₦180,000
Question 9
A company has two production lines, A and B. Line A produces 100 units of a product per hour, while line B produces 80 units per hour. If the company operates for 8 hours a day, what is the total number of units produced by both lines in a day?
A. 960
B. 800
C. 1120
D. 1280
Question 10
A company has a credit facility with a bank that allows it to borrow up to ₦10 million. If the company borrows ₦8 million and repays ₦2 million, what is the outstanding balance?
A. ₦6 million
B. ₦8 million
C. ₦10 million
D. ₦12 million
Question 11
A foreign trade agreement between two countries has the following terms:
A. The agreement will increase trade between the two countries
B. The agreement will decrease trade between the two countries
C. The agreement will have no effect on trade between the two countries
D. The agreement will increase trade between the two countries, but at a cost to the environment
Question 12
The _______ of a firm refers to the process of producing a single product using a single production process.
A. Division of Labor
B. Economies of Scale
C. Production
D. Specialization
Question 13
A company is considering the introduction of a new product line. The product requires a significant investment in marketing and advertising. However, the company's financial analysts have estimated that the return on investment (ROI) for the product will be 15% per annum. If the company's cost of capital is 10% per annum, what is the expected net present value (NPV) of the investment?
A. ₦100,000
B. ₦120,000
C. ₦150,000
D. ₦180,000
Question 14
A consumer protection agency has the following data on complaints received in a year:
A. The agency should increase funding for consumer education
B. The agency should hire more staff to handle complaints
C. The agency should focus on resolving complaints quickly
D. The agency should reduce the number of complaints by improving product quality
Question 15
A foreign trade agreement between two countries has the following terms:

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