POST UTME NILE UNIVERSITY 2025 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A company uses a just-in-time (JIT) inventory system to manage its inventory. The JIT system requires a 95% service level, and the lead time is 3 days. If the demand for the product is 100 units per day, what is the reorder point for the JIT system?
Question 2
A company is considering two different marketing strategies: a push strategy and a pull strategy. Which strategy is more likely to be effective in a market with a high level of consumer awareness and a strong brand identity?
Question 3
The Consumer Protection Act of 1999 in Nigeria provides for the establishment of the Consumer Protection Council. What is the primary function of the Consumer Protection Council?
Question 4
A company's production process involves the use of a machine that requires regular maintenance to prevent breakdowns. The maintenance cost is ₦10,000 per month, and the machine's breakdown cost is ₦50,000 per occurrence. If the machine breaks down once every 6 months, what is the total cost of ownership for a 12-month period?
Question 5
A warehouse stores goods worth ₦500,000. If the warehouse manager wants to insure the goods against theft, what is the total premium to be paid?
Question 6
A business in Nigeria uses a just-in-time inventory system. What is the primary advantage of this system?
Question 7
A firm specializes in producing only one product. This is an example of _______ specialization.
Question 8
A country's trade balance is given by the equation ( TB = X - M ), where TB is the trade balance, X is the value of exports, and M is the value of imports. If the country's exports are 100 units and imports are 80 units, then the trade balance is
Question 9
A company uses a communication mode that has a fixed cost of ₦20,000 per month and a variable cost of ₦5,000 per message. If the company sends 500 messages per month, what is the total cost of communication for a 6-month period?
Question 10
A firm is considering investing in a new project with a net present value (NPV) of ₦1,500,000. The cost of capital is 10% per annum. What is the internal rate of return (IRR) of the project?
Question 11
In a perfectly competitive market, the supply curve is upward-sloping because of the law of increasing costs. However, in a monopolistically competitive market, the supply curve is also upward-sloping, but for a different reason. What is the primary reason for the upward-sloping supply curve in a monopolistically competitive market?
Question 12
A company is considering the introduction of a new product line. The marketing manager has identified two potential target markets: Market A and Market B. Market A has a larger population, but Market B has a higher disposable income. Which market segmentation strategy would be most appropriate for this company?
Question 13
A consumer purchases a product with a price of ₦10,000 and a 10% discount. If the consumer pays ₦9,000, what is the amount of the discount?
Question 14
A company in Nigeria uses a warehouse management system to track inventory levels. What is the primary benefit of this system?
Question 15
A company uses a combination of advertising and personal selling to promote its products. This is an example of _______ marketing.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.
Unlock Full Access
Available for Android & Windows