POST UTME DELSU 2018 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
In the context of marketing, what is the primary goal of a 'push strategy'?
A. To increase brand awareness and reach a wider audience.
B. To reduce production costs and increase efficiency.
C. To persuade customers to buy a product or service.
D. To create a sense of urgency and encourage customers to make a purchase.
Question 2
A company is considering outsourcing its production to a third-party supplier. The company has identified two potential suppliers: Supplier A and Supplier B. Supplier A has a higher production capacity but is farther away from the company's current location. Supplier B has a lower production capacity but is closer to the company's current location. What is the most appropriate decision for the company to make?
A. Choose Supplier A due to its higher production capacity
B. Choose Supplier B due to its proximity to the company's current location
C. Conduct further research to determine which supplier is more suitable
D. Choose neither supplier and explore other options
Question 3
A company's marketing mix is a combination of the four Ps: product, price, promotion, and
A. place
B. people
C. process
D. physical distribution
Question 4
A firm's production function is given by Q = 2L^0.5 + 3K^0.5. If the firm's current input levels are L = 4 and K = 9, what is the marginal product of labor?
A. 1
B. 2
C. 3
D. 4
Question 5
A sole trader, Mr. Johnson, owns and operates a small business selling electrical appliances. He has a warehouse where he stores his inventory. One day, a fire breaks out in the warehouse, causing significant damage to the building and destroying a large portion of his inventory. What type of insurance policy would Mr. Johnson likely have to cover this loss?
A. Public Liability Insurance
B. Business Interruption Insurance
C. Stock Insurance
D. Professional Indemnity Insurance
Question 6
A firm's revenue function is given by R = 2Q^2 + 3Q. If the firm's current output level is Q = 5, what is the marginal revenue?
A. 13
B. 15
C. 17
D. 19
Question 7
A consumer is considering purchasing a product online. Which of the following is a key factor in their decision-making process?
A. The product's price and value for money.
B. The company's reputation and customer service.
C. The product's features and specifications.
D. The product's packaging and branding.
Question 8
A company has a warehouse with a capacity of 10,000 units and a storage cost per unit of ₦5. If the demand rate is 500 units per year and the holding cost per unit per year is ₦10, what is the optimal order quantity using the Wilson Lot Size model?
A. 1,000 units
B. 2,000 units
C. 5,000 units
D. 10,000 units
Question 9
A company specializes in producing and selling a unique brand of chocolates. The production process involves mixing cocoa beans with sugar, milk, and other ingredients. The company uses a just-in-time inventory system to manage its raw materials. However, due to a sudden increase in demand, the company is facing a shortage of cocoa beans. What is the most appropriate course of action for the company to take?
A. Increase production by hiring more staff and purchasing more equipment
B. Reduce production by decreasing the number of products offered
C. Implement a new inventory management system to better track raw materials
D. Outsource the production of cocoa beans to a third-party supplier
Question 10
A firm's profit function is given by π = R - C. If the firm's revenue and cost functions are given by R = 100Q - 2Q^2 and C = 50 + 2L + 3K respectively, what is the new level of profit if the firm's output is increased by 10%?
A. 50
B. 60
C. 70
D. 80
Question 11
A company has two warehouses, A and B, with capacities of 5,000 and 3,000 units respectively. The storage cost per unit in warehouse A is ₦5 and in warehouse B is ₦7. If the demand rate is 1,000 units per year, what is the optimal allocation of units between the two warehouses using the Least Cost Method?
A. Warehouse A: 2,000 units, Warehouse B: 3,000 units
B. Warehouse A: 3,000 units, Warehouse B: 2,000 units
C. Warehouse A: 1,500 units, Warehouse B: 2,500 units
D. Warehouse A: 2,500 units, Warehouse B: 1,500 units
Question 12
A company's risk management strategy involves diversification of its investments across various sectors. If the company invests ₦100 million in stocks, ₦50 million in bonds, and ₦20 million in real estate, what is the total value of its investment portfolio?
A. ₦170 million
B. ₦180 million
C. ₦190 million
D. ₦200 million
Question 13
A firm's financial statement shows a net income of ₦200,000 and a total equity of ₦500,000. If the firm has a debt-to-equity ratio of 2:3, what is the total amount of debt the firm has?
A. ₦300,000
B. ₦350,000
C. ₦400,000
D. ₦450,000
Question 14
A company has a warehouse with a capacity of 10,000 units and a storage cost per unit of ₦5. If the demand rate is 500 units per year and the holding cost per unit per year is ₦10, what is the optimal order quantity using the Economic Order Quantity (EOQ) model?
A. 1,000 units
B. 2,000 units
C. 5,000 units
D. 10,000 units
Question 15
A sole trader is a type of business ownership where one person owns and operates the business, and is responsible for all its
A. assets
B. liabilities
C. profits
D. all of the above

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
Help others prepare! Share this practice hub: