POST UTME UNILORIN 2025 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A company's revenue is given by R = 100x - 2x^2, where x is the number of units sold. If the company wants to maximize its revenue, how many units should it sell?
A. 10
B. 20
C. 30
D. 40
Question 2
A company's stock is trading at a price of ₦125. If the company pays an annual dividend of ₦3.75 per share, what is the dividend yield?
A. 3%
B. 4%
C. 5%
D. 6%
Question 3
A company has a warehouse with a capacity of 10,000 units. If the company receives a shipment of 5,000 units, what is the new capacity of the warehouse?
A. 10,000
B. 15,000
C. 20,000
D. 5,000
Question 4
A firm's production function is given by Q = 2L^0.5H^0.5, where Q is the quantity produced, L is the number of labor hours, and H is the number of units of capital. If the firm wants to increase its production by 20% while keeping labor hours constant, by what percentage should it increase its capital?
A. 10%
B. 20%
C. 30%
D. 40%
Question 5
A consumer is considering the purchase of a product that has been recalled by the manufacturer. Which of the following is the most appropriate course of action?
A. Return the product to the store
B. Contact the manufacturer directly
C. Ignore the recall notice
D. Report the issue to the authorities
Question 6
A company's cost function is given by C = 2L + 3K. If the company's current labor and capital inputs are L = 8 and K = 6, respectively, what is the company's current cost?
A. 26
B. 30
C. 34
D. 38
Question 7
A company's marketing strategy involves a mix of advertising, sales promotions, and public relations. Which of the following is NOT a characteristic of a successful marketing strategy?
A. It is customer-centric
B. It is cost-effective
C. It is sustainable
D. It is environmentally friendly
Question 8
A firm's production function is given by Q = 2L^0.5H^0.5, where Q is the quantity produced, L is the number of labor hours, and H is the number of units of capital. If the firm wants to increase its production by 20% while keeping labor hours constant, by what percentage should it increase its capital?
A. 10%
B. 20%
C. 30%
D. 40%
Question 9
A company uses a just-in-time inventory system. What is the primary advantage of this system?
A. Reduced inventory costs
B. Improved customer service
C. Increased efficiency
D. Reduced lead times
Question 10
A company is considering exporting its products to a foreign country. What is the primary factor that the company should consider?
A. Market demand
B. Competition
C. Trade agreements
D. Currency exchange rates
Question 11
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm wants to produce 16 units of output, and the price of labor is ₦100 per unit, while the price of capital is ₦200 per unit, what is the minimum cost of production?
A. ₦4000
B. ₦8000
C. ₦12000
D. ₦16000
Question 12
In a sole trade business, what is the primary advantage of using a cash book?
A. Accurate recording of cash transactions
B. Easy identification of profit and loss
C. Improved cash flow management
D. Enhanced financial reporting
Question 13
A firm's cost function is given by C = 50 + 2L + 3H, where C is the total cost, L is the number of labor hours, and H is the number of units of capital. If the firm wants to minimize its cost while producing 100 units, how many labor hours and units of capital should it use?
A. L = 20, H = 30
B. L = 30, H = 20
C. L = 40, H = 10
D. L = 10, H = 40
Question 14
A company is considering the use of a warehouse management system (WMS) to improve its inventory management. Which of the following is a key feature of a WMS?
A. Automated data collection
B. Real-time inventory tracking
C. Optimized storage and retrieval
D. All of the above
Question 15
A consumer protection agency is investigating a complaint about a company's warranty policy. The company claims that its warranty covers all defects in materials and workmanship for a period of one year from the date of purchase. However, the consumer alleges that the company has refused to honor the warranty. Which of the following is a possible reason for the company's refusal?
A. The consumer failed to register the product within the specified time frame
B. The product was used for commercial purposes
C. The product was damaged due to misuse
D. The company has a policy of not honoring warranties for products purchased online

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