POST UTME FUTA 2025 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A firm's cost function is given by C(q) = 2q^2 + 10q + 5. What is the firm's average cost function?
Question 2
A country has a trade deficit of 100 million and a trade surplus of 50 million with its trading partners. What is the net trade balance?
Question 3
A company's marketing strategy involves creating a sense of urgency among customers to purchase a product. This strategy is an example of which of the following?
Question 4
A company's inventory management system uses a just-in-time (JIT) approach to minimize inventory levels. What is the primary benefit of JIT?
Question 5
A business owner wants to expand her operations to a new location. What type of business organization would she need to form to achieve this?
Question 6
A company is considering two different insurance policies to cover its business operations. Policy A has a premium of ₦150,000 and a deductible of ₦50,000. Policy B has a premium of ₦120,000 and a deductible of ₦20,000. If the company expects to incur a loss of ₦200,000, which policy would provide the greatest expected value?
Question 7
In a just-in-time (JIT) inventory system, what is the primary goal of the reorder point?
Question 8
A firm is considering two different marketing strategies to promote its new product. Strategy A involves a ₦500,000 advertising campaign and a 10% discount on the product price. Strategy B involves a ₦300,000 advertising campaign and a 5% discount on the product price. If the firm expects to sell 10,000 units of the product, which strategy would result in the highest revenue?
Question 9
A company's stock is currently priced at ₦120 per share. If the company declares a 20% dividend, what is the new stock price?
Question 10
A warehouse has a storage capacity of 10,000 units. The warehouse is currently 70% full, with 7,000 units stored. If 1,500 new units are received, what is the new storage capacity utilization?
Question 11
A firm has a warehouse with a storage capacity of 5,000 units. The warehouse is currently 60% full, with 3,000 units stored. If 1,200 new units are received, what is the new storage capacity utilization?
Question 12
A sole trader's business is considered a separate legal entity from its owner. However, the owner is personally liable for all business debts and obligations. What is the name of this type of business organization?
Question 13
A company is considering two marketing strategies: a 4% increase in advertising expenditure or a 2% increase in sales promotion expenditure. If the current advertising expenditure is ₦500,000 and the current sales promotion expenditure is ₦200,000, what is the total increase in marketing expenditure if the company chooses the first strategy?
Question 14
A company's marketing strategy involves creating a sense of exclusivity among customers to purchase a product. This strategy is an example of which of the following?
Question 15
A company's financial statements include a balance sheet, income statement, and cash flow statement. Which of the following is the primary purpose of the balance sheet?
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