POST UTME OSUSTECH 2025 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A consumer purchases a product online and receives a damaged item. The consumer files a complaint with the company, but the company refuses to provide a refund. The consumer's rights are protected by the _______ Act.
A. Consumer Protection Act
B. Electronic Transactions Act
C. Sales of Goods Act
D. Unfair Contract Terms Act
Question 2
A company has a warehouse with a capacity to store 10,000 units of a product. The company receives an order for 5,000 units, and the current stock level is 8,000 units. What is the new stock level after fulfilling the order?
A. 8,000
B. 9,000
C. 10,000
D. 11,000
Question 3
A bank offers a loan of ₦500,000 at an interest rate of 12% per annum. If the loan is repaid after 2 years, what is the total amount paid by the borrower?
A. ₦560,000
B. ₦570,000
C. ₦580,000
D. ₦590,000
Question 4
A company is registered under the Companies and Allied Matters Act 2020 in Nigeria. What is the primary purpose of the Act?
A. To regulate the formation and management of companies
B. To provide for the protection of consumers from unfair trade practices
C. To establish a Consumer Protection Agency
D. To regulate the importation and exportation of goods
Question 5
A company is considering exporting its products to a foreign market. Discuss the advantages and disadvantages of exporting, and explain how a company can overcome the challenges associated with exporting.
A. Exporting can provide a company with access to new markets, increase revenue, and improve competitiveness. However, exporting can also be challenging due to differences in language, culture, and regulations.
B. Exporting can provide a company with access to new markets, increase revenue, and improve competitiveness. However, exporting can also be challenging due to differences in language, culture, and regulations, and may require significant investments in marketing and distribution.
C. Exporting can provide a company with access to new markets, increase revenue, and improve competitiveness. However, exporting can also be challenging due to differences in language, culture, and regulations, and may require significant investments in marketing and distribution, but can also provide opportunities for growth and expansion.
D. Exporting can provide a company with access to new markets, increase revenue, and improve competitiveness. However, exporting can also be challenging due to differences in language, culture, and regulations, and may require significant investments in marketing and distribution, but can also provide opportunities for growth and expansion, and can help a company to become more competitive in the global market.
Question 6
A consumer purchases a product online and receives a product that is not as described. The consumer's rights are protected by the _______ Act.
A. Consumer Protection Act
B. Electronic Transactions Act
C. Sales of Goods Act
D. Unfair Contract Terms Act
Question 7
A sole trader has a business income of ₦500,000 and business expenses of ₦200,000. What is the sole trader's taxable profit?
A. ₦300,000
B. ₦200,000
C. ₦500,000
D. ₦0
Question 8
In a sole proprietorship, the owner's liability is limited to the amount of capital invested. Which of the following is a characteristic of a sole proprietorship?
A. Unlimited liability
B. Limited liability
C. Separate legal entity
D. No liability
Question 9
A company has a fleet of 10 vehicles, each with an average annual mileage of 50,000 km. The company's insurance policy has a deductible of ₦50,000. If the company's vehicles are involved in an accident and the total cost of repairs is ₦200,000, what is the expected payout from the insurance company?
A. ₦150,000
B. ₦100,000
C. ₦50,000
D. ₦0
Question 10
A sole trader in Nigeria is required to keep records of all financial transactions. What is the purpose of keeping these records?
A. To facilitate the preparation of tax returns
B. To provide evidence of financial transactions for auditing purposes
C. To enable the sole trader to keep track of income and expenses
D. To comply with the requirements of the Companies and Allied Matters Act 2020
Question 11
A consumer has a budget of ₦500 and a preference for two goods, A and B. The prices of the goods are ₦100 and ₦200 respectively. If the consumer spends all their budget on good A, what is the maximum amount they can spend on good B?
A. ₦100
B. ₦200
C. ₦300
D. ₦400
Question 12
A company has a warehouse with a capacity to store 10,000 units of a product. The company receives an order for 5,000 units, and the current stock level is 8,000 units. What is the new stock level after fulfilling the order?
A. 8,000
B. 9,000
C. 10,000
D. 11,000
Question 13
A company is sued for negligence in the sale of a defective product. The company's liability is determined by the principle of _______.
A. Strict Liability
B. Negligence
C. Product Liability
D. Ultrahazardous Activity
Question 14
A consumer protection agency has received a complaint from a customer who purchased a product online but received a defective item. The customer is seeking a refund of ₦10,000. However, the company has offered to replace the product instead. What is the likely outcome of this situation?
A. The customer will receive a full refund of ₦10,000.
B. The customer will receive a partial refund of ₦5,000.
C. The customer will receive a replacement product.
D. The customer will not receive any refund or replacement.
Question 15
A company is considering using a total quality management (TQM) approach to improve its quality. Discuss the advantages and disadvantages of TQM, and explain how a company can implement TQM effectively.
A. TQM can provide a company with significant improvements in quality, customer satisfaction, and employee morale. However, TQM can also be challenging to implement due to the need for significant investments in training and technology.
B. TQM can provide a company with significant improvements in quality, customer satisfaction, and employee morale. However, TQM can also be challenging to implement due to the need for significant investments in training and technology, and may require significant changes in company culture and processes.
C. TQM can provide a company with significant improvements in quality, customer satisfaction, and employee morale. However, TQM can also be challenging to implement due to the need for significant investments in training and technology, and may require significant changes in company culture and processes, but can also provide opportunities for growth and expansion.
D. TQM can provide a company with significant improvements in quality, customer satisfaction, and employee morale. However, TQM can also be challenging to implement due to the need for significant investments in training and technology, and may require significant changes in company culture and processes, but can also provide opportunities for growth and expansion, and can help a company to become more competitive in the global market.

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