POST UTME UNILORIN 2021 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A risk management strategy involves diversification of investments. If a portfolio has a mean return of 8% and a standard deviation of 12%, what is the probability that the portfolio's return will be greater than 15%?
A. 0.25
B. 0.5
C. 0.75
D. 0.33
Question 2
A firm has the following inventory levels: 100 units in stock, 50 units on order, and 200 units in transit. What is the total inventory level?
A. 350
B. 400
C. 450
D. 500
Question 3
A company's financial statements show a net profit of ₦300,000 and a dividend payout ratio of 40%. What is the amount of dividend paid to shareholders?
A. ₦120,000
B. ₦150,000
C. ₦180,000
D. ₦200,000
Question 4
A consumer is considering purchasing a product with a warranty. What is the primary benefit of a warranty?
A. Protection against defects
B. Improved product quality
C. Increased product lifespan
D. Reduced maintenance costs
Question 5
A company uses a just-in-time inventory system to manage its stock levels. What is the primary advantage of this system?
A. Reduced inventory costs and improved cash flow
B. Increased inventory levels and reduced stockouts
C. Improved supply chain efficiency and reduced lead times
D. Enhanced customer service and increased sales
Question 6
A company uses a transportation management system to optimize its logistics operations. What is the primary benefit of this system?
A. Reduced transportation costs and improved delivery times
B. Increased transportation capacity and improved supply chain efficiency
C. Enhanced customer service and increased sales
D. Improved inventory management and reduced stockouts
Question 7
A sole trader's business is registered under the Companies and Allied Matters Act (CAMA) 2020. What is the primary advantage of registering under CAMA?
A. Limited liability
B. Easy registration process
C. Flexibility in management
D. Tax benefits
Question 8
A bank's balance sheet shows the following assets and liabilities: Assets = ₦100m, Liabilities = ₦80m. What is the bank's equity?
A. ₦20m
B. ₦30m
C. ₦40m
D. ₦50m
Question 9
A consumer purchases a product with a price of ₦1,500 and a 10% discount. What is the amount of the discount?
A. ₦150
B. ₦150.00
C. ₦150.00
D. ₦150.00
Question 10
The Consumer Protection Act of 1999 provides for the establishment of the Consumer Protection Council. What is the primary function of the Council?
A. To promote consumer awareness and education
B. To regulate consumer transactions and protect consumers from unfair business practices
C. To provide legal assistance to consumers in disputes with businesses
D. To conduct research on consumer behavior and preferences
Question 11
A firm uses the following advertising media: television, radio, and print. What is the term for the process of selecting the most effective advertising medium?
A. Media Planning
B. Media Buying
C. Media Research
D. Media Evaluation
Question 12
A company is considering exporting its products to a foreign market. What is the primary advantage of exporting?
A. Increased revenue
B. Reduced competition
C. Access to new markets
D. Improved brand image
Question 13
A sole trader's business is not registered with the Corporate Affairs Commission (CAC). What is the legal implication of this?
A. The business is not liable for any debts incurred.
B. The business is not entitled to limited liability.
C. The business is not required to file annual returns.
D. The business is not eligible for tax relief.
Question 14
A company is considering forming a joint venture with a foreign partner. What is the primary advantage of a joint venture?
A. Shared risk and reward
B. Access to new markets
C. Improved brand image
D. Reduced competition
Question 15
A company's introduction to commerce involves understanding the principles of supply and demand. What is the primary factor that determines the equilibrium price in a market?
A. Supply
B. Demand
C. Government intervention
D. External factors

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