POST UTME IGBINEDION UNIVERSITY 2025 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A firm exports a product to a foreign country. The firm's export function is given by the equation ( E = 2X^2 + 3Y^2 ), where E is the export quantity, X is the domestic price, and Y is the foreign price. If the domestic price is 10 units and the foreign price is 5 units, what is the export quantity?
Question 2
A firm's production function is given by Q = 2L^0.5 * K^0.5, where Q is output, L is labor, and K is capital. If the firm wants to increase output by 20% while keeping labor constant, what percentage increase in capital is required?
Question 3
A bank's financial services include loans and credit facilities. Which of the following is a type of loan that is secured by collateral?
Question 4
A sole trader's business is exposed to various risks, including market risk and operational risk. Which of the following is a way to manage operational risk?
Question 5
A firm uses a warehousing strategy to store its products. The firm's warehousing function is given by the equation ( W = 2S^2 + 3R^2 ), where W is the warehousing effort, S is the storage capacity, and R is the rental expenditure. If the storage capacity is 50 units and the rental expenditure is 20 units, what is the warehousing effort?
Question 6
A company is considering two different investment opportunities. Opportunity A has a 10% chance of returning 100,000 and a 90% chance of returning 0. Opportunity B has a 20% chance of returning 150,000 and an 80% chance of returning 0. Which opportunity has a higher expected return?
Question 7
A company has a warehouse with a capacity of 10,000 units. The company receives an order for 8,000 units. If the company uses a first-in-first-out (FIFO) inventory system, what is the cost of the units shipped to the customer?
Question 8
A company is considering the use of a new transportation mode to deliver its products to customers. The company is evaluating the costs and benefits of using a trucking company versus a logistics company. Which of the following is the most important factor to consider when making this decision?
Question 9
A company has a warehouse with a capacity of 10,000 units. The warehouse is currently 70% full. If 500 units are added to the warehouse every day, how many days will it take to fill the warehouse to capacity?
Question 10
A company is considering two different modes of payment for its customers: cash and credit. The company charges a 5% interest rate on credit sales. If a customer purchases a product worth ₦10,000 on credit, how much will the customer pay in total?
Question 11
A firm is considering entering a new market. The firm's marketing manager estimates that the market size is 100,000 units, and the firm's market share is 20%. What is the firm's sales revenue?
Question 12
A firm's production function is given by Q = 2L^0.5 * K^0.5, where Q is output, L is labor, and K is capital. If the firm wants to increase output by 20% while keeping labor constant, what percentage increase in capital is required?
Question 13
A company's marketing strategy involves a mix of advertising and promotion. Which of the following is an example of a promotional strategy?
Question 14
In a perfectly competitive market, the supply curve is horizontal and the demand curve is downward-sloping. If the market price is ₦100, and the firm's marginal revenue is ₦80, what is the firm's marginal cost?
Question 15
A company has a production process that requires 2 hours of labor and 1 hour of machine time. If the labor cost is ₦50 per hour and the machine cost is ₦75 per hour, what is the total cost of producing 10 units?
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