POST UTME EKSU 2021 Commerce | Objective

Are you preparing for POST UTME EKSU exams? Reviewing past questions is one of the most effective ways to guarantee a high score. This practice hub features authentic 2021 Commerce (Objective) questions designed to simulate the real exam environment.

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Question 1
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
Correct D. Reduced employee morale

Correct Answer: D

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Question 2
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?
Correct A. 12%
B. 15%
C. 18%
D. 20%

Correct Answer: A

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Question 3
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
Correct D. All of the above

Correct Answer: D

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Question 4
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
Correct D. Packaging

Correct Answer: D

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Question 5
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
Correct D. Statement of changes in equity

Correct Answer: D

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Question 6
In a sole trader business, what is the primary advantage of using a cash basis of accounting?
Correct A. Easier tax compliance
B. Reduced accounting costs
C. Improved cash flow management
D. Enhanced financial reporting

Correct Answer: A

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Question 7
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
Correct C. Financial resources and risk
D. Managerial expertise and experience

Correct Answer: C

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Question 8
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
Correct 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

Correct Answer: B

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Question 9
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
Correct C. Increased efficiency and reduced lead times
D. Enhanced customer service and satisfaction

Correct Answer: C

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Question 10
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
Correct C. To provide proof of origin and authenticity
D. To facilitate the processing of imports

Correct Answer: C

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