POST UTME DELSU 2021 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A consumer purchases a product for ₦5,000 and pays a 10% sales tax. What is the total amount paid?
A. ₦5,500
B. ₦5,000
C. ₦5,200
D. ₦5,100
Question 2
In a contract of sale, what is the primary responsibility of the seller?
A. To deliver the goods in good condition
B. To provide a warranty for the goods
C. To disclose all defects in the goods
D. To obtain payment from the buyer
Question 3
A bank offers a 5-year fixed deposit account with an interest rate of 8% per annum compounded annually. If a customer deposits ₦100,000 at the beginning of the first year, how much will the customer have at the end of the fifth year?
A. ₦134,485.92
B. ₦134,485.93
C. ₦134,485.94
D. ₦134,485.95
Question 4
A company is considering the introduction of a new product. The product's demand is expected to be highly variable, with a coefficient of variation of 0.8. What type of inventory control system would be most appropriate for this situation?
A. Just-in-time inventory system
B. Economic order quantity (EOQ) system
C. Safety stock system
D. Periodic review system
Question 5
A company is considering the introduction of a new product. The product's demand is expected to be seasonal, with peak demand during the summer months. What type of inventory control system would be most appropriate for this situation?
A. Just-in-time inventory system
B. Economic order quantity (EOQ) system
C. Seasonal inventory system
D. Safety stock system
Question 6
A company's marketing strategy involves a 20% discount on all products for the first 100 customers. If the original price of a product is ₦500, how much will a customer pay if they are the 50th customer?
A. ₦400
B. ₦450
C. ₦475
D. ₦500
Question 7
In a just-in-time (JIT) inventory system, what is the primary goal of the reorder point?
A. To minimize inventory costs
B. To maximize inventory turnover
C. To ensure that stockouts are minimized
D. To reduce lead times
Question 8
A company is considering two different warehouse locations. Location A has a higher initial investment cost but lower operating costs, while Location B has lower initial investment costs but higher operating costs. Which location should the company choose?
A. Location A, as it has lower operating costs.
B. Location B, as it has lower initial investment costs.
C. Location A, as it has a higher initial investment cost.
D. Location B, as it has higher operating costs.
Question 9
A consumer is considering purchasing a product that has a 2-year warranty. Which of the following is a key benefit of this warranty?
A. The product is of high quality
B. The product is durable
C. The consumer has peace of mind
D. The product is affordable
Question 10
A company is considering exporting its products to a foreign market. Which of the following is a key consideration in this decision?
A. The company's production costs
B. The company's marketing strategy
C. The foreign market's cultural and economic conditions
D. The company's financial resources
Question 11
A company has a warehouse with a capacity of 10,000 units. The current inventory level is 8,000 units, and the reorder point is 6,000 units. If the lead time is 5 days, what is the maximum number of units that can be sold before the next shipment arrives?
A. 1,000 units
B. 2,000 units
C. 3,000 units
D. 4,000 units
Question 12
A company has a policy of paying its employees a 10% bonus on their annual salary. If an employee earns ₦200,000 per annum, what is the bonus amount?
A. ₦20,000
B. ₦22,000
C. ₦25,000
D. ₦30,000
Question 13
The following diagram shows a simple circuit with a battery, a resistor, and a switch. If the switch is closed, what will happen to the current flowing through the circuit?
A. The current will increase
B. The current will decrease
C. The current will remain the same
D. The current will become zero
Question 14
A company has a warehouse with a capacity of 10,000 units. If it receives a shipment of 8,000 units, what is the new capacity?
A. 10,000
B. 8,000
C. 12,000
D. 18,000
Question 15
A company has a warehouse with a capacity of 10,000 units. The warehouse is currently 70% full. If 500 units are received in a shipment, what is the new percentage of capacity?
A. 60%
B. 65%
C. 70%
D. 75%

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