POST UTME RSU 2017 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A company has a production process that involves a series of steps. If the probability of each step failing is 0.1, what is the probability of the entire process failing?
A. 0.01
B. 0.1
C. 0.5
D. 0.9
Question 2
A company's memorandum of association is a document that outlines the company's
A. Objectives
B. Share capital
C. Management structure
D. All of the above
Question 3
A sole trader is an individual who owns and operates a business. Which of the following is a characteristic of a sole trader?
A. ( ext{The business is owned and operated by one person} )
B. ( ext{The business is owned and operated by multiple people} )
C. ( ext{The business is owned by the government} )
D. ( ext{The business is owned by a corporation} )
Question 4
A consumer protection agency has received a complaint about a company's unfair business practices. Which of the following is a type of unfair business practice?
A. False advertising
B. Price fixing
C. Bait and switch
D. All of the above
Question 5
A company has a production capacity of 100 units per day. If it operates for 20 days, what is the total production?
A. 2000 units
B. 1000 units
C. 500 units
D. 1500 units
Question 6
A company's marketing strategy is to target a specific segment of the market. Which of the following is a characteristic of a target market?
A. A large and diverse group of consumers
B. A specific group of consumers with similar needs and characteristics
C. A group of consumers who are not interested in the product
D. A group of consumers who are not willing to pay for the product
Question 7
A company is considering a new marketing strategy that involves partnering with a popular social media influencer. The influencer has a large following and is known for promoting products that align with the company's brand values. However, the company is concerned about the potential risks associated with partnering with an influencer, including the risk of negative publicity and damage to the company's reputation. What type of risk is the company facing?
A. Reputational risk
B. Financial risk
C. Operational risk
D. Strategic risk
Question 8
In a sole trader business, what is the primary advantage of using a separate business bank account?
A. Easy accounting and tax compliance
B. Separation of personal and business finances
C. Increased credibility with suppliers and customers
D. Reduced risk of business failure
Question 9
A company has a production function given by Q = 2L^0.5K^0.5, where Q is the output, L is the labor, and K is the capital. If the company wants to produce 100 units of output, and the labor is 4 units, what is the required capital?
A. 16 units
B. 32 units
C. 64 units
D. 128 units
Question 10
A company has a warehouse with a capacity of 10,000 units. The warehouse is currently 70% full. If the company receives a new shipment of 5,000 units, what is the new percentage of the warehouse that is full?
A. 50%
B. 55%
C. 60%
D. 65%
Question 11
A company has a portfolio of stocks with a beta of 1.2. If the market return is 8%, what is the expected return on the portfolio?
A. 9.6%
B. 10.4%
C. 11.2%
D. 12%
Question 12
A firm is considering investing in a new project with a cash flow of ₦50,000 in the first year, ₦60,000 in the second year, and ₦70,000 in the third year. The cost of capital is 12% per annum. What is the net present value (NPV) of the project?
A. ₦100,000
B. ₦120,000
C. ₦140,000
D. ₦160,000
Question 13
A bank is considering a loan application from a small business owner. Which of the following is a factor that the bank will consider when evaluating the loan application?
A. The business owner's credit score
B. The business owner's income
C. The business owner's assets
D. All of the above
Question 14
A company purchases insurance to protect against losses due to natural disasters. The insurance policy covers damage to the company's property and business interruption. However, the company is unsure about the terms and conditions of the policy and seeks clarification from the insurer. What type of insurance is the company likely to have purchased?
A. Property insurance
B. Liability insurance
C. Business interruption insurance
D. Workers' compensation insurance
Question 15
A company has a warehouse with a capacity of 10,000 units. The company has 8,000 units in stock and wants to order more. The ordering cost is ₦50 per order, and the holding cost is ₦5 per unit per year. If the company wants to minimize its total cost, what is the optimal order quantity?
A. 4,000 units
B. 6,000 units
C. 8,000 units
D. 10,000 units

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