POST UTME JOSEPH AYO BABALOLA UNIVERSITY 2018 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A company is considering two different marketing strategies for its new product. Strategy A involves a high initial investment of ₦10 million, but it is expected to generate ₦20 million in revenue per year for 5 years. Strategy B involves a low initial investment of ₦2 million, but it is expected to generate ₦15 million in revenue per year for 3 years. Which strategy should the company choose?
Question 2
A firm's marketing strategy involves creating a unique selling proposition (USP) to differentiate its product from competitors. What is the primary benefit of a USP?
Question 3
A business is considering implementing a new communication system to improve employee collaboration. What is the primary benefit of this investment?
Question 4
A company has a share capital of ₦1,000,000, divided into 100,000 ordinary shares of ₦10 each. If the company issues 20,000 shares to the public, how much will the company receive?
Question 5
A firm's demand function is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm wants to maximize its revenue, what price should it charge?
Question 6
A consumer protection agency is investigating a complaint about a company's unfair business practices. Which of the following is a likely action the agency may take?
Question 7
A business owner is considering purchasing a liability insurance policy to protect against potential lawsuits. What is the primary purpose of this type of insurance?
Question 8
A firm's production function is given by Q = 2L^0.5H^0.5, where Q is the quantity produced, L is the number of labor hours, and H is the number of hours of capital used. If the firm wants to produce 16 units of output, and it has 4 labor hours available, how many hours of capital should it use?
Question 9
A company's marketing strategy involves creating a sense of urgency among customers to purchase its products. Which of the following tactics is most likely to be used?
Question 10
A company is considering two different marketing strategies for its new product. Strategy A involves a high initial investment of ₦10 million, but it is expected to generate ₦20 million in revenue per year for 5 years. Strategy B involves a low initial investment of ₦2 million, but it is expected to generate ₦15 million in revenue per year for 3 years. Which strategy should the company choose?
Question 11
A firm's marketing mix involves the 4 Ps: product, price, promotion, and place. Which of the following is NOT one of the 4 Ps?
Question 12
In a sole trade business, what is the primary advantage of using a cash-based accounting system?
Question 13
A firm's break-even point (BEP) is the point at which its total revenue equals its total fixed costs. If a firm's BEP is 500 units and its selling price is ₦100 per unit, what is the total fixed cost?
Question 14
A sole trader is considering expanding their business by hiring additional staff. What type of business organization would be most suitable for this purpose?
Question 15
A company is considering investing in a new transportation system to improve logistics efficiency. What is the primary benefit of this investment?
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