POST UTME EKSU 2021 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A company is considering the introduction of a new product line. What is the primary factor that the company should consider before making a decision?
A. Market demand and competition
B. Production costs and capacity
C. Financial resources and risk
D. Managerial expertise and experience
Question 2
In a sole trader business, what is the primary advantage of using a cash basis of accounting?
A. Easier tax compliance
B. Reduced accounting costs
C. Improved cash flow management
D. Enhanced financial reporting
Question 3
A consumer protection law requires that all goods sold in a particular market must meet certain safety standards. What is the primary purpose of this law?
A. To protect consumers from unfair business practices
B. To ensure that goods meet minimum safety standards
C. To promote fair competition among businesses
D. To reduce the cost of goods for consumers
Question 4
A company is considering the use of a just-in-time (JIT) inventory system. What is the primary benefit of this system?
A. Reduced inventory costs and improved cash flow
B. Improved product quality and reduced waste
C. Increased efficiency and reduced lead times
D. Enhanced customer service and satisfaction
Question 5
A bank's return on equity (ROE) is calculated as net income divided by shareholder equity. If a bank has a net income of ₦1.2 billion and shareholder equity of ₦10 billion, what is its ROE?
A. 12%
B. 15%
C. 18%
D. 20%
Question 6
A firm's financial statements include the balance sheet, income statement, and cash flow statement. Which of the following is NOT one of the financial statements?
A. Balance sheet
B. Income statement
C. Cash flow statement
D. Statement of changes in equity
Question 7
A firm's decision to adopt just-in-time (JIT) inventory system is primarily motivated by the need to reduce costs associated with inventory holding. Which of the following is NOT a benefit of JIT?
A. Reduced inventory holding costs
B. Improved product quality
C. Increased flexibility in production planning
D. Reduced employee morale
Question 8
A consumer protection agency has identified a product as a potential health hazard. The agency has the authority to
A. Recall the product from the market
B. Ban the product from sale
C. Impose a fine on the manufacturer
D. All of the above
Question 9
A foreign trade agreement requires that all imports must be accompanied by a commercial invoice. What is the primary purpose of this requirement?
A. To ensure that imports meet customs regulations
B. To verify the value of imports for customs purposes
C. To provide proof of origin and authenticity
D. To facilitate the processing of imports
Question 10
A firm's marketing mix consists of the 4 Ps: product, price, promotion, and place. Which of the following is NOT one of the 4 Ps?
A. Product
B. Price
C. Promotion
D. Packaging

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: