POST UTME REDEEMERS UNIVERSITY 2025 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A company's marketing strategy involves a mix of advertising, sales promotions, and public relations. Which of the following is NOT a primary objective of this strategy?
A. To increase brand awareness
B. To enhance customer loyalty
C. To reduce production costs
D. To improve product quality
Question 2
A firm specializes in producing two goods, X and Y, using two inputs, labor (L) and capital (K). The production functions for X and Y are given by the following equations:
A. The firm will produce more of good X if it increases its labor input.
B. The firm will produce more of good Y if it increases its capital input.
C. The firm will produce more of good X if it increases its capital input.
D. The firm will produce more of good Y if it increases its labor input.
Question 3
In a sole trader business, what is the primary advantage of using a cash basis of accounting?
A. Easier tax compliance
B. Reduced accounting costs
C. Improved cash flow management
D. Enhanced financial reporting
Question 4
A company is involved in the production of textiles. What is the advantage of specialization in this industry?
A. Increased efficiency in production.
B. Reduced costs of production.
C. Improved quality of products.
D. Enhanced competitiveness in the market.
Question 5
A firm's production function is given by Q = 2L^0.5H^0.5, where Q is the quantity produced, L is the number of laborers, and H is the number of machines. If the firm wants to produce 16 units of output, and it has 4 laborers, how many machines (H) should it hire?
A. 2
B. 4
C. 8
D. 16
Question 6
A firm's profit function is given by the following equation:
A. The firm's profit function is equal to its revenue minus its cost.
B. The firm's profit function is equal to its cost minus its revenue.
C. The firm's profit function is equal to its GDP minus its trade balance.
D. The firm's profit function is equal to its trade balance minus its GDP.
Question 7
A company is considering the implementation of a new marketing strategy. The strategy involves the use of social media to promote the company's products. Which of the following is a primary advantage of using social media for marketing?
A. Increased brand awareness
B. Improved customer engagement
C. Enhanced product visibility
D. Reduced marketing costs
Question 8
A firm's marketing budget is ₦1,000,000 per year. If the firm wants to allocate 30% of its budget to advertising, and 20% to sales promotions, what would be the amount allocated to sales promotions?
A. ₦100,000
B. ₦200,000
C. ₦300,000
D. ₦400,000
Question 9
A foreign company wants to establish a subsidiary in Nigeria. What is the first step the company should take?
A. Register the subsidiary with the Corporate Affairs Commission (CAC).
B. Obtain a business permit from the Nigerian Investment Promotion Commission (NIPC).
C. Apply for a tax clearance certificate from the Federal Inland Revenue Service (FIRS).
D. Notify the Nigerian Stock Exchange (NSE) of the intention to establish a subsidiary.
Question 10
A bank has a savings account with an interest rate of 5% per annum. If a customer deposits ₦10,000 into the account, how much will the customer have in the account after 2 years?
A. ₦11,000
B. ₦12,000
C. ₦13,000
D. ₦14,000
Question 11
A company uses a just-in-time inventory system to manage its inventory. If the company's inventory level is currently at 50 units and the demand rate is 10 units per hour, how many hours will it take for the inventory level to reach 100 units?
A. 5 hours
B. 10 hours
C. 15 hours
D. 20 hours
Question 12
A firm specializing in the production of textiles has a production function given by Q = 100L^0.5K^0.5, where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm's labor and capital inputs are 100 units each, what is the quantity produced?
A. 200
B. 100
C. 50
D. 500
Question 13
A consumer is purchasing a product online. What is the responsibility of the consumer in this transaction?
A. To verify the authenticity of the product.
B. To check the product's warranty.
C. To ensure the product meets the required standards.
D. To read and understand the terms and conditions of the sale.
Question 14
A country's GDP is given by the following equation:
A. The country's GDP is equal to its consumption plus its investment plus its government spending plus its trade balance.
B. The country's GDP is equal to its consumption plus its investment plus its government spending minus its trade balance.
C. The country's GDP is equal to its consumption minus its investment minus its government spending minus its trade balance.
D. The country's GDP is equal to its consumption minus its investment minus its government spending plus its trade balance.
Question 15
A consumer protection agency is considering a new regulation that would require all businesses to provide a 30-day money-back guarantee for their products. If the agency estimates that 20% of consumers would take advantage of the guarantee, and the average cost of processing a refund is ₦1000, what would be the total cost of the regulation for a business that sells 1000 units of its product per year?
A. ₦20,000
B. ₦200,000
C. ₦2,000,000
D. ₦20,000,000

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