POST UTME LASU 2025 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A warehouse's inventory control system is designed to
A. reduce stockouts
B. increase stockouts
C. minimize inventory costs
D. maximize inventory costs
Question 2
A company's warehouse is damaged in a fire, resulting in a loss of inventory. The company's insurance policy covers the loss, but the insurance company disputes the amount of the loss. What is the legal term for the company's right to recover the full amount of the loss?
A. Consequential Damages
B. Direct Damages
C. Indirect Damages
D. Mitigation of Loss
Question 3
A consumer purchases a product from a retailer, but the product is defective. The consumer sues the retailer for breach of contract. What is the legal doctrine that applies in this situation?
A. Ultrahazardous Activity
B. Strict Liability
C. Implied Warranty of Merchantability
D. Bailment
Question 4
A company's production process involves the use of a machine that can produce 500 units per hour. The machine operates for 8 hours a day, 5 days a week. What is the total number of units produced in a week?
A. 20,000
B. 25,000
C. 30,000
D. 35,000
Question 5
A company's supply chain is a network of
A. suppliers, manufacturers, and customers
B. suppliers, manufacturers, and distributors
C. manufacturers, distributors, and customers
D. all of the above
Question 6
A bank offers a 5% annual interest rate on deposits. If a customer deposits ₦10,000 for 2 years, how much interest will they earn?
A. ₦500
B. ₦1,000
C. ₦1,500
D. ₦2,000
Question 7
A company is considering the purchase of a new warehouse. The warehouse has a capacity of 10,000 square meters and a rental fee of ₦500,000 per month. The company's current warehouse has a capacity of 5,000 square meters and a rental fee of ₦300,000 per month. What is the total cost of renting the new warehouse for 12 months?
A. ₦6,000,000
B. ₦7,200,000
C. ₦8,400,000
D. ₦9,600,000
Question 8
A company has a production capacity of 10,000 units per month. If they produce 8,000 units in a month, what is their production efficiency?
A. 80%
B. 85%
C. 90%
D. 95%
Question 9
A sole trader has a business income of ₦200,000 and business expenses of ₦150,000. What is their business profit?
A. ₦50,000
B. ₦75,000
C. ₦100,000
D. ₦125,000
Question 10
A firm is considering a new marketing strategy. The strategy has a high fixed cost but a low variable cost per unit. What is the primary advantage of this strategy?
A. Increased market share
B. Reduced production costs
C. Improved product quality
D. Increased pricing power
Question 11
A company is considering two different marketing strategies: Strategy A involves a high level of advertising and a low level of sales promotions, while Strategy B involves a low level of advertising and a high level of sales promotions. Which of the following is a potential advantage of Strategy A?
A. Increased brand awareness
B. Improved customer relationships
C. Higher sales volume
D. Reduced competition
Question 12
A company is considering two different production processes for a new product. Process A has a higher fixed cost but a lower variable cost per unit, while Process B has a lower fixed cost but a higher variable cost per unit. What is the optimal production level for each process, assuming a market demand of 10,000 units?
A. Process A: 5,000 units; Process B: 10,000 units
B. Process A: 10,000 units; Process B: 5,000 units
C. Process A: 8,000 units; Process B: 12,000 units
D. Process A: 12,000 units; Process B: 8,000 units
Question 13
A company has a policy of paying its employees a bonus of 10% of their salary after 6 months of service. If an employee earns ₦50,000 per month, what is the total amount the employee receives after 6 months?
A. ₦300,000
B. ₦320,000
C. ₦340,000
D. ₦360,000
Question 14
A company's marketing strategy includes a social media campaign to promote its products. The campaign is successful, and the company's sales increase. What is the legal term for the company's right to use the customer data collected during the campaign?
A. Intellectual Property
B. Trade Secret
C. Customer Data
D. Marketing Information
Question 15
A sole trader's business is registered under which of the following?
A. Partnership
B. Limited Liability Company
C. Sole Trader
D. Cooperative Society

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