POST UTME EKSU 2022 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A firm's insurance policy covers losses due to fire, theft, and natural disasters. Which of the following is NOT a type of risk covered by this policy?
Question 2
A firm's production function is given by Q = 2L^0.5 + 3K^0.5. If the price of labor (L) is ₦50 per unit and the price of capital (K) is ₦100 per unit, what is the total cost of producing 10 units of output?
Question 3
A company has a portfolio of assets with the following returns: Asset A has a return of 8% and a standard deviation of 12%. Asset B has a return of 10% and a standard deviation of 15%. If the company wants to minimize its risk, what is the optimal portfolio weight for Asset A?
Question 4
A customer purchases a product with a 25% discount. If the original price of the product is ₦12,000, what is the amount of discount the customer receives?
Question 5
A company's cash flow statement shows a net cash inflow of ₦500,000. If the company's cash balance at the beginning of the year was ₦200,000, what is the cash balance at the end of the year?
Question 6
A firm's demand function is given by Q = 100 - 2P. If the firm's marginal revenue (MR) function is given by MR = -2, what is the firm's optimal price?
Question 7
A company's sole trader is considering the introduction of a new product line. The product requires an initial investment of ₦4 million and has a projected annual profit of ₦2 million. If the company's cost of capital is 18%, what is the expected rate of return on investment (ROI)?
Question 8
A customer purchases a product with a 20% discount. If the original price of the product is ₦10,000, what is the amount of discount the customer receives?
Question 9
A company's warehouse is designed to store 5000 crates of goods. If the crates are stacked in a rectangular prism with a base area of 10m^2 and a height of 5m, what is the volume of the warehouse in cubic meters?
Question 10
A company's sole trader is considering the introduction of a new product line. The product requires an initial investment of ₦2.5 million and has a projected annual profit of ₦1.2 million. If the company's cost of capital is 12%, what is the expected rate of return on investment (ROI)?
Question 11
A firm's production function is given by Q = 2L^0.5 + 3K^0.5. If the price of labor (L) is ₦50 per unit and the price of capital (K) is ₦100 per unit, what is the firm's marginal product of labor (MPL) when L = 4?
Question 12
A firm's production function is given by the equation Q = 2L + 3K, where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm uses 10 units of labor and 5 units of capital, what is the quantity produced?
Question 13
A consumer protection agency has received a complaint about a company's misleading advertisement. The advertisement claims that a product is '100% effective' when, in fact, it has a success rate of only 90%. Which of the following is a violation of consumer protection law?
Question 14
A consumer protection agency has received a complaint about a company's misleading advertisement. The advertisement claims that a product is '100% effective' when, in fact, it has a success rate of only 80%. Which of the following is a violation of consumer protection law?
Question 15
A company is considering a new marketing strategy that involves creating a social media campaign to promote its products. The company wants to ensure that its campaign is effective and reaches its target audience. Which of the following is the most appropriate way for the company to measure the success of its campaign?
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