POST UTME UNIOSUN 2020 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A marketing campaign involves creating a series of advertisements to promote a new product. The campaign includes print ads, social media posts, and influencer partnerships. What type of marketing strategy is this?
A. Integrated marketing communications
B. Segmented marketing
C. Mass marketing
D. Personal selling
Question 2
A firm has purchased a liability insurance policy to protect itself against potential lawsuits. Which of the following is a key feature of liability insurance?
A. The policy covers only property damage
B. The policy covers only bodily injury
C. The policy covers both property damage and bodily injury
D. The policy does not cover any type of liability
Question 3
A company has a policy of paying its employees a bonus of 10% of their salary if they meet their sales targets. If an employee's salary is ₦100,000 and they meet their sales targets, what is the bonus they will receive?
A. ₦8,000
B. ₦10,000
C. ₦12,000
D. ₦15,000
Question 4
A company is considering expanding its operations to a new market. The company's management has identified several potential risks associated with the expansion, including changes in government regulations, increased competition, and fluctuations in global demand. Which of the following risk management strategies would be most appropriate for the company to adopt?
A. Diversification
B. Hedging
C. Risk Avoidance
D. Risk Transfer
Question 5
A bank has a reserve requirement of 10%. If the bank has a cash reserve of ₦100,000, what is the maximum amount of loans it can give out?
A. ₦900,000
B. ₦1,000,000
C. ₦1,100,000
D. ₦1,200,000
Question 6
A firm is considering the use of just-in-time (JIT) inventory management system. Which of the following benefits would be most likely to result from the implementation of JIT?
A. Reduced inventory costs
B. Improved product quality
C. Increased flexibility in production
D. Enhanced customer service
Question 7
A company is considering the implementation of a just-in-time (JIT) inventory system. Which of the following is a key benefit of JIT?
A. Reduced inventory costs
B. Improved product quality
C. Increased production capacity
D. Enhanced customer service
Question 8
A firm's revenue function is given by R = 100Q - 2Q^2. If the firm's current output is Q = 10, what is the firm's current revenue?
A. 800
B. 900
C. 1000
D. 1100
Question 9
A consumer purchases a product online, but upon receiving it, finds that it does not match the description. What type of consumer protection law would this situation fall under?
A. Consumer rights act
B. Product liability law
C. Deceptive advertising law
D. Unfair trade practices law
Question 10
A company is considering two different production processes for a new product. Process A has a higher fixed cost but a lower variable cost, while Process B has a lower fixed cost but a higher variable cost. Which process should the company choose if it expects to produce 10,000 units?
A. Process A
B. Process B
C. It depends on the expected selling price
D. It depends on the expected demand
Question 11
A company offers a warranty on its products, which covers repairs and replacements for a specified period. What type of risk management strategy is this company employing?
A. Risk avoidance
B. Risk transfer
C. Risk retention
D. Risk reduction
Question 12
A consumer protection agency has received a complaint about a firm's unfair trading practices. The agency has decided to investigate the matter. Which of the following is a key principle of consumer protection law?
A. The principle of caveat emptor
B. The principle of informed consent
C. The principle of fairness and transparency
D. The principle of consumer sovereignty
Question 13
A firm is considering the use of a production process that involves the use of a new technology. Which of the following benefits would be most likely to result from the implementation of the new technology?
A. Increased productivity
B. Improved product quality
C. Reduced production costs
D. Enhanced customer service
Question 14
A sole trader is considering the purchase of a new piece of equipment for their business. Which of the following is a key consideration when making this decision?
A. The cost of the equipment
B. The potential return on investment
C. The impact on the business's cash flow
D. The effect on the business's tax liability
Question 15
A company is considering launching a new product in a new market. The company has conducted market research and estimates that the product will have a market share of 20% in the first year, increasing to 30% in the second year. What is the company's expected market share in the second year?
A. 20%
B. 25%
C. 30%
D. 35%

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: