POST UTME MADONNA UNIVERSITY 2019 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A firm is considering two different transportation modes to move its products from the factory to the customer. Mode A costs ₦100 per unit and has a capacity of 100 units per day, while Mode B costs ₦150 per unit and has a capacity of 200 units per day. If the firm needs to transport 300 units per day, which mode should it use?
Question 2
A company is considering the use of outsourcing for its production needs. Which of the following is a key advantage of outsourcing?
Question 3
A warehouse has a storage capacity of 10,000 units. The warehouse is currently 75% full, with 7,500 units stored. If 2,000 more units are received, what percentage of the warehouse's capacity will be occupied?
Question 4
A country's foreign trade balance is given by the equation B = X - M, where B is the balance, X is the value of exports, and M is the value of imports. If the value of exports increases by 15% and the value of imports remains constant, by what percentage will the balance increase?
Question 5
A firm's production function is given by Q = 3L^(2/3)K^(1/3), where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm's labor input increases by 20% and the capital input remains constant, by what percentage will the quantity produced increase?
Question 6
A company is considering a new marketing strategy that involves social media advertising. Which of the following is a potential risk associated with this strategy?
Question 7
In a sole trade business, what is the primary advantage of using a sole proprietorship structure?
Question 8
A firm's production function is given by Q = 2L^(1/2)K^(1/2), where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm's labor input increases by 25% and the capital input remains constant, by what percentage will the quantity produced increase?
Question 9
A company is considering two marketing strategies: Strategy A, which involves a 10% increase in advertising expenditure, and Strategy B, which involves a 20% increase in sales force. If the company expects a 5% increase in sales revenue regardless of the strategy chosen, which strategy would result in a higher profit?
Question 10
A firm is considering two different inventory management systems to manage its inventory. System A is a just-in-time (JIT) system that orders and receives inventory just in time to meet customer demand, while System B is a periodic review system that orders inventory at fixed intervals. If the firm wants to minimize its inventory costs, which system should it choose?
Question 11
A company's memorandum of association is a document that outlines the company's
Question 12
A company is considering two different advertising media to reach its target market. Media A has a cost of ₦500,000 and reaches 10,000 people, while Media B has a cost of ₦750,000 and reaches 20,000 people. If the company wants to reach at least 15,000 people, which media should it use?
Question 13
A firm's stock control system uses a first-in-first-out (FIFO) inventory method. If the firm has 100 units of stock, and 20 units are sold, how many units of stock will be left?
Question 14
A firm's home trade involves importing 500 units of a product from a foreign country. If the firm expects a 5% increase in import costs, how much will it pay for the imported product?
Question 15
A sole trade business has a profit of ₦100,000 and a loss of ₦50,000 in two consecutive years. What is the net profit of the business over the two-year period?
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