POST UTME GREENFIELD UNIVERSITY 2020 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A company has a warehouse with a capacity to store 1000 crates. The warehouse is currently 75% full. If 150 crates are removed from the warehouse, what percentage of the warehouse is now empty?
A. 25%
B. 27.5%
C. 30%
D. 32.5%
Question 2
A firm has two warehouses, A and B. Warehouse A has a capacity of 500 crates and is currently 80% full. Warehouse B has a capacity of 1000 crates and is currently 60% full. What is the total percentage of capacity used by both warehouses?
A. 70%
B. 72%
C. 74%
D. 76%
Question 3
A warehouse has a storage capacity of 10,000 units. If 8,000 units are already stored, what is the maximum number of units that can be added to the warehouse?
A. 1,000
B. 2,000
C. 3,000
D. 4,000
Question 4
A company's insurance policy has a deductible of ₦10,000. If the company suffers a loss of ₦50,000, how much will it pay in premiums?
A. ₦40,000
B. ₦50,000
C. ₦60,000
D. ₦70,000
Question 5
A company's insurance policy has a deductible of ₦50,000 and a maximum payout of ₦200,000. If the company incurs a loss of ₦300,000, what is the maximum amount the insurance company will pay?
A. ₦150,000
B. ₦200,000
C. ₦250,000
D. ₦300,000
Question 6
A company's marketing strategy involves a 20% discount on all products. If a product originally costs ₦10,000, what is the discounted price?
A. ₦8,000
B. ₦9,000
C. ₦10,000
D. ₦12,000
Question 7
A company's cash flow statement shows a net increase in cash of ₦500 million. If the company's beginning cash balance was ₦1.2 billion, what is its ending cash balance?
A. 1.7 billion
B. 1.8 billion
C. 1.9 billion
D. 2 billion
Question 8
A firm is considering exporting its product to a foreign market. The firm's current price is ₦100 per unit, and the exchange rate is 1 USD = 400 NGN. If the firm expects to sell 5,000 units in the foreign market, what is the total revenue in USD?
A. 625
B. 6250
C. 12,500
D. 62,500
Question 9
A warehouse has a capacity of 1000 units. If the warehouse is currently 75% full, and 500 units are received, what is the new percentage of capacity?
A. 87.5%
B. 90%
C. 92.5%
D. 95%
Question 10
A company's accounts receivable balance increased by ₦200 million in the past quarter. If the company's beginning accounts receivable balance was ₦500 million, what is its ending accounts receivable balance?
A. 700 million
B. 800 million
C. 900 million
D. 1 billion
Question 11
A bank's financial statement shows a net income of ₦1,000,000. The bank's assets are ₦5,000,000, and its liabilities are ₦3,000,000. What is the bank's equity?
A. ₦1,000,000
B. ₦2,000,000
C. ₦3,000,000
D. ₦4,000,000
Question 12
In the context of international trade, what is the primary purpose of the Most Favoured Nation (MFN) clause in a trade agreement?
A. To promote fair competition among trading nations
B. To protect domestic industries from foreign competition
C. To establish a common external tariff among member countries
D. To facilitate the exchange of goods and services among member countries
Question 13
A company has a warehouse with a capacity to store 1000 crates. The warehouse is currently 75% full. If 200 crates are removed from the warehouse, what percentage of the warehouse is now empty?
A. 25%
B. 27.5%
C. 30%
D. 32.5%
Question 14
A company is considering the implementation of a new marketing strategy. The strategy involves creating a new product line that targets a specific demographic. Which of the following marketing research methods would be most appropriate for this strategy?
A. Surveys
B. Focus groups
C. Experimental design
D. Content analysis
Question 15
A warehouse has a storage capacity of 10,000 square meters. If the warehouse is currently 75% occupied, how many more square meters can be occupied?
A. 750 square meters
B. 1,000 square meters
C. 1,250 square meters
D. 1,500 square meters

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