POST UTME FUTO 2019 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A firm is considering exporting its product to a foreign country. What is the name of the risk associated with this decision?
A. Country risk
B. Transfer risk
C. Exchange risk
D. Political risk
Question 2
A firm's insurance policy covers losses due to natural disasters. What type of insurance is this?
A. Liability insurance
B. Property insurance
C. Casualty insurance
D. Disability insurance
Question 3
A marketing manager is responsible for promoting a new product. The product has a unique feature that sets it apart from other products in the market. Which of the following marketing strategies would be most effective in promoting the product?
A. Social media marketing
B. Influencer marketing
C. Content marketing
D. Event marketing
Question 4
A company is sued for negligence in the sale of a defective product. The company's liability is limited by the Consumer Protection Act. Which of the following is a correct statement regarding the company's liability?
A. The company is liable for all damages caused by the defective product.
B. The company is liable only for the cost of repairing or replacing the defective product.
C. The company is not liable for any damages caused by the defective product.
D. The company's liability is limited to the amount of the purchase price of the defective product.
Question 5
A company is sued for negligence in the sale of a defective product. The company's liability is limited by the Consumer Protection Act. Which of the following is a correct statement regarding the company's liability?
A. The company is liable for all damages caused by the defective product.
B. The company is liable only for the cost of repairing or replacing the defective product.
C. The company is not liable for any damages caused by the defective product.
D. The company's liability is limited to the amount of the purchase price of the defective product.
Question 6
A company's sole trader is sued for negligence in the course of business. Which of the following is the most likely legal consequence?
A. The company's sole trader will be held personally liable for the damages.
B. The company's sole trader will be indemnified by the company.
C. The company's sole trader will be exempt from liability due to limited liability.
D. The company's sole trader will be sued separately from the company.
Question 7
A company's marketing strategy involves creating a viral social media campaign. Which of the following is the most likely legal consequence?
A. The company will be liable for any defamatory content posted by users.
B. The company will be liable for any copyright infringement by users.
C. The company will be exempt from liability due to the 'safe harbor' provision.
D. The company will be liable for any harm caused by the campaign.
Question 8
A company has a policy of paying its employees a bonus of 10% of their salary if they complete a certain number of projects within a specified timeframe. If an employee completes 5 projects within the timeframe, what is the total bonus they will receive?
A. ₦5,000
B. ₦10,000
C. ₦15,000
D. ₦20,000
Question 9
A company has a warehouse with a capacity of 10,000 units. The warehouse is currently 70% full. If 500 units are removed from the warehouse, what is the new percentage of the warehouse that is full?
A. 50%
B. 60%
C. 70%
D. 80%
Question 10
A firm's inventory is valued at the lower of cost or net realizable value. What is the name of this accounting principle?
A. Matching principle
B. Materiality principle
C. Consistency principle
D. Lower of cost or net realizable value principle
Question 11
A company has a fleet of vehicles that are used for transportation. The company wants to reduce its fuel consumption and lower its carbon footprint. Which of the following options would be most effective in achieving this goal?
A. Using electric vehicles
B. Using hybrid vehicles
C. Using vehicles with better fuel efficiency
D. Reducing the number of vehicles in the fleet
Question 12
A company is considering two marketing strategies: Strategy A, which involves a 10% discount on all products, and Strategy B, which involves a 5% increase in product prices. If the company's revenue is expected to increase by 15% under Strategy A, and decrease by 8% under Strategy B, which strategy should the company adopt to maximize its revenue?
A. Strategy A
B. Strategy B
C. Both strategies are equally effective
D. Neither strategy is effective
Question 13
A company has a fleet of 10 vehicles, each with an average fuel efficiency of 10 kilometers per liter. If the company wants to reduce its fuel consumption by 20%, how many liters of fuel will it need to buy per month?
A. 100 liters
B. 120 liters
C. 150 liters
D. 180 liters
Question 14
A company's marketing strategy involves a mix of advertising, sales promotions, and public relations. Which of the following best describes the primary goal of advertising in this mix?
A. To create awareness about the company's products or services
B. To build brand loyalty among customers
C. To increase sales revenue
D. To reduce production costs
Question 15
A sole trader's business is registered as a company. Which of the following is the most likely legal consequence?
A. The sole trader will be held personally liable for the company's debts.
B. The sole trader will be exempt from liability due to limited liability.
C. The company will be liable for the sole trader's personal debts.
D. The company will be exempt from liability due to the sole trader's registration.

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