POST UTME PAN-ATLANTIC UNIVERSITY 2024 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A company is considering exporting its products to a foreign country. The company's current profit margin is 20% and the exchange rate is 1 USD = 500 NGN. If the company expects to sell 10,000 units of its product at a price of ₦5,000 per unit, what is the expected profit in USD?
Question 2
A firm's demand function is given by the equation Q = 100 - 2P. If the firm's price is 20, what is the quantity demanded?
Question 3
A sole trader, Mr. A, has a business that generates an average monthly revenue of ₦150,000. His average monthly expenses are ₦75,000. If he wants to save 20% of his revenue for the next 6 months, how much will he have saved after 6 months?
Question 4
A firm's production function is given by the equation Q = 2L^0.5K^0.5. If the firm's output is 16 units when labor (L) is 4 units and capital (K) is 4 units, what is the marginal product of labor?
Question 5
A bank offers a 6% annual interest rate on a 5-year certificate of deposit (CD). If the principal amount is 10,000, what is the future value of the CD?
Question 6
A company has a portfolio of assets with the following returns: Asset A: 8%, Asset B: 12%, Asset C: 6%. If the company allocates 40% of its portfolio to Asset A, 30% to Asset B, and 30% to Asset C, what is the expected return on the portfolio?
Question 7
A company has a warehouse with a capacity of 10,000 units. The company receives an order for 5,000 units. What is the new inventory level?
Question 8
A company is considering a new marketing strategy to increase sales. The strategy involves offering a 10% discount on all products for a limited time. If the company's current revenue is ₦1,000,000 and the discount is expected to reduce revenue by 5%, what is the expected revenue after the discount?
Question 9
A sole trader has a business that sells electronics. The sole trader has a warehouse with a capacity of 10,000 units. If the sole trader receives an order for 8,000 units and currently has 5,000 units in stock, what is the minimum number of units the sole trader needs to order to fulfill the order?
Question 10
A company has a production cost of ₦100 per unit and a selling price of ₦150 per unit. If it produces 10,000 units, what is the profit?
Question 11
A company has a production capacity of 5,000 units per month. If it produces 3,000 units in the first month, 4,000 units in the second month, and 5,000 units in the third month, what is the average production rate for the 3-month period?
Question 12
A company is considering two different production methods for a new product. Method A involves a high initial investment but low ongoing costs, while Method B involves low initial costs but high ongoing costs. If the company expects to produce 10,000 units per year for 5 years, and the selling price of each unit is ₦500, what is the total revenue for the 5-year period if the company chooses Method A?
Question 13
A company is considering a new marketing strategy to increase sales. The strategy involves offering a 20% discount on all products for a limited time. If the company's current revenue is ₦2,000,000 and the discount is expected to reduce revenue by 10%, what is the expected revenue after the discount?
Question 14
A company has a market share of 30% in the home market and 20% in the foreign market. If the total market size is ₦1,000,000,000, what is the total revenue for the company?
Question 15
In a just-in-time (JIT) inventory system, what is the primary goal of the reorder point?
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