POST UTME FUTO 2025 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A company's financial statements can be affected by which of the following?
A. Change in Accounting Policy
B. Error in Accounting Records
C. Omission of a Material Fact
D. Misstatement of a Material Fact
Question 2
A company's foreign trade involves exporting goods to a country with a different currency. If the exchange rate is 1 USD = 120 JPY, and the company exports goods worth 100,000, what is the equivalent value in Japanese yen?
A. ₦12,000,000
B. ₦12,500,000
C. ₦13,000,000
D. ₦13,500,000
Question 3
A bank is considering two different loan options for a customer. Option A has a fixed interest rate of 10% and a variable interest rate of 5% per annum. Option B has a fixed interest rate of 15% and a variable interest rate of 3% per annum. Which option should the bank offer to the customer?
A. Option A
B. Option B
C. Both options are equally attractive
D. Neither option is attractive
Question 4
A firm's marketing strategy can be influenced by which of the following?
A. SWOT Analysis
B. PESTEL Analysis
C. Porter's Five Forces
D. Boston Consulting Group (BCG) Matrix
Question 5
A warehouse has a capacity of 10,000 units. If 8,000 units are already stored, what is the remaining capacity?
A. 2,000
B. 5,000
C. 8,000
D. 10,000
Question 6
The concept of absolute advantage refers to the idea that a country can produce a good at a lower opportunity cost than another country. Which of the following is an example of absolute advantage?
A. A country producing goods for which it has a higher opportunity cost
B. A country producing goods for which it has a lower opportunity cost
C. A country producing goods for which it has an equal opportunity cost
D. A country producing goods for which it has a negative opportunity cost
Question 7
A company is considering two different production processes for a new product. Process A has a fixed cost of ₦100,000 and a variable cost of ₦50 per unit. Process B has a fixed cost of ₦150,000 and a variable cost of ₦30 per unit. If the selling price of the product is ₦80 per unit, which process should the company use?
A. Process A
B. Process B
C. Both processes are equally profitable
D. Neither process is profitable
Question 8
A company exports goods worth ₦1,000,000 to a foreign country. If the exchange rate is 1 USD = ₦400, what is the value of the goods in USD?
A. 2,500
B. 2,500.00
C. 2,500.00 USD
D. 2,500.00 USD
Question 9
A sole trader is considering two different business structures for a new venture. Structure A is a partnership with two partners, and Structure B is a limited company with 10 shareholders. Which structure should the sole trader use?
A. Structure A
B. Structure B
C. Both structures are equally suitable
D. Neither structure is suitable
Question 10
A company's marketing strategy involves a combination of advertising, sales promotions, and public relations. Which of the following best describes the marketing mix?
A. 4 Ps (Product, Price, Place, Promotion)
B. 3 Cs (Company, Customer, Competitor)
C. SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
D. Boston Consulting Group Matrix (BCG Matrix)
Question 11
In a perfectly competitive market, what is the relationship between the marginal revenue (MR) and the marginal cost (MC) of a firm?
A. MR > MC
B. MR < MC
C. MR = MC
D. MR = MC + 10
Question 12
A firm's production function is given by Q = 2L^0.5H^0.5, where Q is output, L is labor, and H is capital. If the firm wants to increase output by 20% while keeping labor constant at 100 units, how much capital (H) should it invest?
A. 150
B. 200
C. 250
D. 300
Question 13
A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the firm wants to maximize its revenue, what price should it charge?
A. 20
B. 30
C. 40
D. 50
Question 14
The concept of 'Warehousing and Stock Control' is closely related to which of the following?
A. Just-in-Time (JIT) inventory system
B. Economic Order Quantity (EOQ)
C. Materials Requirements Planning (MRP)
D. Total Quality Management (TQM)
Question 15
A company is considering exporting its products to a foreign market. The following factors may affect its decision:
A. Tariffs, taxes, and transportation costs
B. Currency exchange rates, trade agreements, and cultural differences
C. Market size, competition, and regulatory environment
D. Language barriers, cultural differences, and logistics

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