POST UTME RSU 2025 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A company's financial statement shows a net income of ₦1,500,000. If the company's total assets are ₦5,000,000 and its total liabilities are ₦2,500,000, what is the company's return on equity (ROE)?
Question 2
In a perfectly competitive market, the law of diminishing marginal utility implies that the demand curve for a firm's product is likely to be:
Question 3
A sole trader named Olamide has a business income of ₦2,000,000 and expenses of ₦800,000. What is Olamide's profit before tax?
Question 4
In a market with perfect competition, what is the relationship between the marginal revenue product of labor and the marginal factor cost of labor?
Question 5
A company's production function is given by Q = 100L^0.5K^0.5, where Q is the quantity produced, L is the number of labor hours, and K is the capital stock. If the company increases its labor hours from 100 to 121 and its capital stock from 100 to 121, what is the percentage change in the quantity produced?
Question 6
A company uses a marketing mix strategy to promote its new product. If the company allocates 30% of its budget to product development, 20% to pricing, 20% to promotion, and 30% to distribution, what is the total budget allocated to promotion?
Question 7
A firm is considering two different modes of transportation for delivering its goods. Mode 1 is by road, which costs ₦500 per kilometer, and Mode 2 is by air, which costs ₦1,000 per kilometer. If the firm needs to deliver 100 kilometers of goods, which mode of transportation will result in lower transportation costs?
Question 8
A firm is considering two marketing strategies: one that involves a high level of advertising and another that involves a low level of advertising. Which of the following is a likely consequence of the high-advertising strategy?
Question 9
In a perfectly competitive market, the law of diminishing marginal returns is most likely to occur in the production of which of the following goods?
Question 10
A firm is considering two different production processes for its product. Process A has a fixed cost of ₦100,000 and a variable cost of ₦50 per unit, while Process B has a fixed cost of ₦150,000 and a variable cost of ₦30 per unit. If the firm produces 10,000 units, what is the total cost of production for each process?
Question 11
A company's financial statements are audited annually by an independent auditor. What is the primary purpose of this audit?
Question 12
A company's revenue function is given by R = 100Q - 2Q^2, where R is the total revenue and Q is the quantity produced. If the company produces 10 units, what is the marginal revenue?
Question 13
A firm is considering two production methods: one that involves a high level of labor and another that involves a high level of capital. Which of the following is a likely consequence of the high-labor method?
Question 14
A firm's supply function is given by Q = 100 + 2P, where Q is the quantity supplied and P is the price. If the price is 50, what is the quantity supplied?
Question 15
A company's inventory management system uses the first-in, first-out (FIFO) method. If the company has 100 units of a product with a cost of ₦50 each, and it sells 50 units, what is the total cost of the units sold?
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