POST UTME UNILAG 2022 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A company's warehouse is experiencing stockouts due to inadequate inventory management. Which of the following is a key performance indicator (KPI) that the company should use to measure its inventory management effectiveness?
A. Inventory turnover ratio
B. Days inventory outstanding
C. Inventory holding cost
D. Inventory turnover period
Question 2
A warehouse has a storage capacity of 1000 units. The warehouse is currently 70% full, with 700 units stored. If 300 more units are received, what is the new percentage of the warehouse that is full?
A. 50%
B. 60%
C. 70%
D. 80%
Question 3
A consumer is considering purchasing a product from a company that has a reputation for producing high-quality products. However, the consumer is also concerned about the environmental impact of the product. Which of the following marketing strategies would be most effective in addressing the consumer's concerns?
A. Green marketing
B. Social marketing
C. Product placement
D. Public relations
Question 4
A firm specializes in producing a single product, which is a type of consumer good. The production process involves a series of complex steps, including material sourcing, manufacturing, and packaging. The firm's goal is to maximize profits while maintaining a high level of quality control. Which of the following production strategies would be most effective in achieving this goal?
A. Mass production
B. Flexible manufacturing
C. Just-in-time production
D. Batch production
Question 5
A company is considering two marketing strategies: Strategy A, which involves a 10% increase in advertising expenditure, and Strategy B, which involves a 20% increase in sales force. If the company's current sales are ₦100 million, what is the expected increase in sales revenue under Strategy B?
A. ₦20 million
B. ₦30 million
C. ₦40 million
D. ₦50 million
Question 6
A company has a capital of ₦1,000,000, divided into 100,000 shares of ₦10 each. If the company issues 80,000 shares, what is the amount of share capital received?
A. ₦800,000
B. ₦1,000,000
C. ₦1,200,000
D. ₦1,600,000
Question 7
A company is considering entering into a contract with a supplier. The company has determined that the supplier is reputable and has a good track record of delivering high-quality products on time. However, the company is concerned about the potential risks associated with the contract. Which of the following contract management strategies would be most effective in mitigating these risks?
A. Contract negotiation
B. Contract review
C. Contract monitoring
D. Contract termination
Question 8
A firm's revenue function is given by R = 100Q - 2Q^2, where R is revenue and Q is output. If the firm produces 50 units of output, what is the marginal revenue?
A. ₦50
B. ₦75
C. ₦100
D. ₦125
Question 9
A foreign trade agreement between two countries involves the exchange of goods and services. What is the primary purpose of the agreement?
A. To promote economic growth and development
B. To reduce trade barriers and increase trade volumes
C. To protect domestic industries from foreign competition
D. To increase government revenue through tariffs
Question 10
A company has two business units: Unit A and Unit B. Unit A has a profit of ₦1,000,000, while Unit B has a loss of ₦500,000. What is the overall profit of the company?
A. ₦500,000
B. ₦1,000,000
C. ₦1,500,000
D. ₦2,000,000
Question 11
A company is considering launching a new product in a foreign market. The company has conducted market research and has determined that the product will be successful in the target market. However, the company is concerned about the potential risks associated with launching a new product in a foreign market. Which of the following risk management strategies would be most effective in mitigating these risks?
A. Market research
B. Product testing
C. Market segmentation
D. Risk assessment and mitigation
Question 12
A company's sole trader is considering purchasing a liability insurance policy to protect against potential losses. Which of the following is a key benefit of liability insurance?
A. To increase the company's assets
B. To reduce the company's liabilities
C. To protect against potential losses
D. To increase the company's equity
Question 13
A warehouse manager is responsible for maintaining a high level of inventory turnover while minimizing stockouts. Which of the following inventory control techniques is most likely to achieve this goal?
A. Just-in-time (JIT) inventory system
B. Economic order quantity (EOQ) model
C. Safety stock model
D. Vendor-managed inventory (VMI) system
Question 14
A warehouse has a storage capacity of 10,000 units. If the warehouse is currently storing 8,000 units, what is the percentage of storage capacity used?
A. 80%
B. 85%
C. 90%
D. 95%
Question 15
A sole trader's business is not registered with the Corporate Affairs Commission (CAC). What is the legal implication of this?
A. The sole trader is not liable for any business debts.
B. The sole trader is not entitled to any business benefits.
C. The sole trader is not required to file tax returns.
D. The sole trader is not protected by the Companies and Allied Matters Act (CAMA).

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
Help others prepare! Share this practice hub: