POST UTME LAUTECH 2025 Commerce | Objective

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Question 1
A company has a warehouse with a capacity of 10,000 units. The warehouse is currently 70% full, with 7,000 units of inventory. The company receives a shipment of 2,000 units and sells 1,500 units. Determine the new level of inventory in the warehouse.
A. 8,500 units
B. 9,000 units
C. 9,500 units
D. 10,000 units
Question 2
A company is considering two marketing strategies: Strategy A and Strategy B. Strategy A has a probability of success of 0.6 and a probability of failure of 0.4. Strategy B has a probability of success of 0.7 and a probability of failure of 0.3. If the company wants to maximize its expected profit, which strategy should it choose?
A. Strategy A
B. Strategy B
C. Both strategies have the same expected profit
D. Neither strategy has a higher expected profit
Question 3
A company has a budget of ₦1,500,000 to spend on advertising its new product. If the cost of advertising on television is ₦500,000 and the cost of advertising on radio is ₦300,000, what is the maximum amount the company can spend on advertising on both television and radio?
A. ₦1,000,000
B. ₦1,200,000
C. ₦1,300,000
D. ₦1,500,000
Question 4
A firm's revenue function is given by R = 2Q^2. If the firm's output is 4 units, what is the marginal revenue?
A. 8
B. 16
C. 32
D. 64
Question 5
A company has a warehouse with a capacity of 10,000 units. The warehouse is currently 70% full, with 7,000 units of inventory. The company receives a shipment of 2,000 units and sells 1,500 units. Determine the new level of inventory in the warehouse.
A. 8,500 units
B. 9,000 units
C. 9,500 units
D. 10,000 units
Question 6
A company is considering launching a new product line. The product has a high demand in the market, but the production costs are expected to be high. The company's marketing manager has suggested that the product be launched in a limited quantity to test the market response. However, the financial controller is concerned that the high production costs may lead to a loss. Which of the following marketing strategies is most appropriate for this situation?
A. Test Market Strategy
B. Product Line Extension
C. Market Penetration Strategy
D. Market Development Strategy
Question 7
A firm exports goods to a foreign country. The firm's export price is ₦100 per unit, while the foreign country's import price is ₦120 per unit. If the firm sells 1,000 units to the foreign country, determine the firm's revenue from the sale.
A. ₦100,000
B. ₦120,000
C. ₦140,000
D. ₦160,000
Question 8
A firm's production function is given by the equation Q = 2L^2 + 5L + 10, where Q is the quantity of output and L is the quantity of labor. If the firm's wage rate is 20 per hour, and the firm wants to maximize its profit, then it should hire
A. 10 units of labor
B. 20 units of labor
C. 30 units of labor
D. 40 units of labor
Question 9
A company has a policy of paying its employees a 10% bonus on their monthly salary. If an employee's monthly salary is ₦50,000, what is the bonus amount?
A. ₦5,000
B. ₦5,500
C. ₦6,000
D. ₦6,500
Question 10
A company's marketing strategy involves a 20% discount on all products during the holiday season. If a product originally costs ₦500, what is the new price after the discount?
A. ₦400
B. ₦450
C. ₦500
D. ₦550
Question 11
A firm's production function is given by Q = 2L^0.5K^0.5, where Q is the output, L is the labor and K is the capital. If the firm wants to increase its output by 20% and the labor is increased by 10%, what is the percentage increase in capital required?
A. 5%
B. 10%
C. 15%
D. 20%
Question 12
A firm's profit function is given by ΔP = R - C. If the firm's revenue and cost functions are given by R = 100Q - 2Q^2 and C = 50 + 10L + 5K respectively, what is the new level of profit if the firm's output is increased by 10%?
A. 90%
B. 95%
C. 100%
D. 105%
Question 13
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's labor and capital inputs are increased by 20% and 15% respectively, what is the new level of output?
A. 25%
B. 30%
C. 35%
D. 40%
Question 14
The concept of specialization in production is closely related to the idea of comparative advantage. Explain how a country can benefit from specializing in the production of a particular good, given its relative efficiency in producing that good compared to other countries.
A. By producing a good at a lower opportunity cost than other countries
B. By producing a good at a higher opportunity cost than other countries
C. By producing a good at the same opportunity cost as other countries
D. By producing a good at a lower price than other countries
Question 15
A company has a policy of paying its employees a 10% bonus on their monthly salary. If an employee's monthly salary is ₦60,000, what is the bonus amount?
A. ₦6,000
B. ₦6,500
C. ₦7,000
D. ₦7,500

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