POST UTME SUMMIT 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 and public relations. Which of the following is a key benefit of using public relations in a marketing mix?
Question 2
In a production process, the marginal cost (MC) of producing the 100th unit is ₦250. If the average cost (AC) of producing the first 100 units is ₦200, and the fixed cost is ₦10,000, what is the total cost of producing the first 100 units?
Question 3
A firm's demand function is given by Q = 100 - 2P, where Q is quantity demanded and P is price. If the price increases by 20%, what is the new quantity demanded?
Question 4
A consumer purchases a product with a warranty that covers repairs for a period of 2 years. If the product is damaged after 18 months, what type of insurance would the consumer need to purchase to cover the cost of repairs?
Question 5
A company's marketing strategy involves a 20% discount on all products during a promotional period. If a product originally costs ₦1,500, what is the selling price after the discount?
Question 6
In a perfectly competitive market, the supply curve is typically upward-sloping because of the law of increasing
Question 7
A company's business model involves selling products online through a platform that charges a commission on each sale. If the company sells 100 products at ₦500 each and the platform charges a 10% commission, what is the total commission paid to the platform?
Question 8
A firm's production function is given by Q = 2L^(1/2)K^(1/2), where Q is output, L is labor, and K is capital. If the firm wants to increase output by 20% while keeping labor constant, what percentage increase in capital is required?
Question 9
A company's warehouse is used for storing raw materials, work-in-progress, and finished goods. Which of the following is a key benefit of using a warehouse?
Question 10
A company is developing a new marketing strategy to increase sales. Which of the following is a key consideration for the company?
Question 11
A firm's cost function is given by the equation C = 3L^2 + 2K, where C is cost, L is labor, and K is capital. If the firm hires 5 units of labor and 10 units of capital, what is the total cost?
Question 12
A firm's production process involves a series of steps, including raw material procurement, manufacturing, and packaging. Which of the following is a key characteristic of a production process?
Question 13
A bank's liquidity ratio is calculated as the ratio of its liquid assets to its total deposits. If a bank has liquid assets worth ₦120 million and total deposits of ₦180 million, what is its liquidity ratio?
Question 14
A company's cost function is given by C = 100L + 200K, where C is cost, L is labor, and K is capital. If labor increases by 10% and capital remains constant, what is the new cost?
Question 15
A firm's revenue function is given by R = 100Q - 2Q^2, where R is revenue and Q is quantity sold. If the quantity sold increases by 20%, what is the new revenue?
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