POST UTME DELSU 2017 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A firm is considering two different production processes to produce a certain good. Process A requires an initial investment of ₦5000 and has a fixed cost of ₦1000 per unit produced. Process B requires an initial investment of ₦3000 and has a fixed cost of ₦500 per unit produced. If the firm wants to produce 100 units of the good, which process should it choose?
Question 2
A company is considering a new marketing strategy that involves using social media influencers to promote its products. What type of marketing strategy is this?
Question 3
A company is considering exporting its products to a foreign country. The company has identified several potential risks associated with exporting, including political risk, currency risk, and country risk. What is the most likely risk that the company will face?
Question 4
A consumer has a budget of ₦1000 and a preference for two goods, A and B. The prices of the goods are ₦200 and ₦300 respectively. Using the budget constraint, find the maximum quantity of good A that the consumer can buy.
Question 5
In a perfectly competitive market, the law of supply states that as the price of a commodity increases, the quantity supplied will
Question 6
A bank's reserve requirement is 10%. If the bank has ₦1,000,000 in deposits, how much must it keep in reserve?
Question 7
A consumer purchases a product from a company, but it turns out to be defective. The consumer sues the company for breach of contract. What type of law governs this situation?
Question 8
A company offers a warranty on its products, which guarantees that the products will be free from defects for a certain period. What type of insurance is this?
Question 9
A marketing manager is responsible for promoting a new product to consumers. The product is a type of electronic device that is designed to make life easier for consumers. What is the primary marketing strategy that the manager should use to promote the product?
Question 10
A company has the following financial statements for the year ended December 31, 2019:
Question 11
A company's balance sheet shows total assets of ₦1,500,000 and total liabilities of ₦800,000. What is the company's equity?
Question 12
A company uses a production planning system to manage its production process. The system involves several stages, including demand forecasting, production scheduling, and inventory management. What is the primary benefit of using a production planning system in this context?
Question 13
A company is considering two different insurance policies to cover its employees. Policy A has a premium of ₦10,000 per year and pays out ₦50,000 in the event of an employee's death. Policy B has a premium of ₦20,000 per year and pays out ₦100,000 in the event of an employee's death. If the company has 10 employees, what is the expected value of the insurance policies?
Question 14
A bank offers a 5-year fixed deposit account with an interest rate of 10% per annum compounded annually. If an investor deposits ₦100,000 at the beginning of the first year, how much will the investor have at the end of the fifth year?
Question 15
A firm is considering the introduction of a new product. The product has a fixed cost of ₦3,000,000 and a variable cost of ₦1,000 per unit. The selling price of the product is ₦2,500 per unit. If the firm expects to sell 20,000 units, what is the minimum price at which the product should be sold to break even?
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.
Unlock Full Access
Available for Android & Windows