POST UTME ELIZADE UNIVERSITY 2025 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A firm's marketing strategy involves creating a new product line. Which of the following is a key consideration in this decision?
A. Market research and analysis
B. Financial resources and budget
C. Product life cycle and competition
D. Supply chain management
Question 2
A company is considering exporting its products to a foreign market. Which of the following is a major advantage of exporting?
A. Increased market share
B. Reduced competition
C. Access to new markets and customers
D. Lower production costs
Question 3
A firm's break-even point is the point at which its total revenue equals its total
A. cost
B. revenue
C. profit
D. loss
Question 4
A company is registered under the Companies and Allied Matters Act (CAMA) 2020. Which of the following is a characteristic of a company?
A. The business is owned by one person.
B. The business is owned by two or more people.
C. The business is owned by the government.
D. The business is owned by a group of investors.
Question 5
A company's financial statements are audited by an independent auditor to ensure that they are presented fairly and in accordance with the relevant accounting standards. This process is known as
A. Financial Statement Analysis
B. Ratio Analysis
C. Auditing
D. Accounting Standards
Question 6
A country has a trade deficit of ₦100 billion and a trade surplus of ₦50 billion. What is the net trade balance?
A. ₦50 billion
B. ₦50 billion
C. ₦50 billion
D. ₦50 billion
Question 7
A sole trader has an initial capital of ₦100,000. He invests an additional ₦50,000 in the business and earns a profit of ₦20,000. What is the new capital of the business?
A. ₦170,000
B. ₦170,000
C. ₦170,000
D. ₦170,000
Question 8
A company is considering two different modes of transportation for its goods: road and rail. The cost of transporting goods by road is ₦150 per kilometer, while the cost of transporting goods by rail is ₦120 per kilometer. If the company needs to transport goods for 500 kilometers, what is the total cost of transportation by road?
A. ₦75,000
B. ₦75,000
C. ₦75,000
D. ₦75,000
Question 9
In a perfectly competitive market, the supply curve is horizontal and the demand curve is downward-sloping. What is the effect of an increase in the price of a complementary good on the supply curve of the market?
A. The supply curve shifts to the left.
B. The supply curve shifts to the right.
C. The supply curve remains unchanged.
D. The supply curve becomes vertical.
Question 10
A company is considering two different investment projects. Project A has a 10% chance of generating a return of 100,000 and an 80% chance of generating a return of 50,000. Project B has a 20% chance of generating a return of 150,000 and a 70% chance of generating a return of 20,000. Which project has a higher expected return?
A. 42000
B. 34000
C. 50000
D. 60000
Question 11
A company is considering exporting its products to a foreign market. Which of the following is a major advantage of exporting?
A. Increased market share
B. Reduced competition
C. Access to new markets and customers
D. Lower production costs
Question 12
A firm's marketing strategy involves creating a new product line. Which of the following is a key consideration in this decision?
A. Market research and analysis
B. Financial resources and budget
C. Product life cycle and competition
D. Supply chain management
Question 13
A business is engaged in the storage of goods. Which of the following is a characteristic of storage?
A. The business is engaged in the production of goods.
B. The business is engaged in the transportation of goods.
C. The business is engaged in the storage of goods.
D. The business is engaged in the sale of goods.
Question 14
A business is engaged in the production of goods. Which of the following is a characteristic of production?
A. The business is engaged in the sale of goods.
B. The business is engaged in the production of goods.
C. The business is engaged in the distribution of goods.
D. The business is engaged in the marketing of goods.
Question 15
A company is considering two different marketing strategies. Strategy A has a 30% chance of generating a return of 100,000 and a 70% chance of generating a return of 20,000. Strategy B has a 20% chance of generating a return of 150,000 and an 80% chance of generating a return of 10,000. Which strategy has a higher expected return?
A. 34000
B. 26000
C. 40000
D. 50000

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