POST UTME UNIOSUN 2021 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A business owner purchases an insurance policy to protect against losses due to fire. Which of the following is a type of risk management?
A. Diversification
B. Hedging
C. Insurance
D. Speculation
Question 2
A company is considering the implementation of a new marketing strategy. Which of the following is a key consideration in evaluating the potential effectiveness of the strategy?
A. The company's current market share
B. The target audience's demographics
C. The potential return on investment (ROI)
D. The company's brand reputation
Question 3
A company is considering exporting its products to a foreign market. Which of the following is a key consideration in evaluating the potential risks and opportunities of international trade?
A. The company's current market share
B. The target market's economic conditions
C. The potential return on investment (ROI)
D. The company's brand reputation
Question 4
A company has a business insurance policy with a premium of ₦50,000. The policy has a deductible of ₦20,000 and a maximum payout of ₦100,000. If the company suffers a loss of ₦150,000, what is the amount that the insurance company will pay?
A. ₦30,000
B. ₦50,000
C. ₦70,000
D. ₦90,000
Question 5
In a sole proprietorship, the owner's personal assets are
A. liable for business debts
B. not liable for business debts
C. liable for business profits
D. not liable for business losses
Question 6
A country's trade deficit is given by the following equation: TD = X - M, where TD is the trade deficit, X is exports, and M is imports. If the country's imports increase by 15% and exports decrease by 5%, what is the percentage change in the trade deficit?
A. 10%
B. 15%
C. 20%
D. 25%
Question 7
A company is considering implementing a new marketing strategy. Which of the following is a key consideration in evaluating the potential effectiveness of the strategy?
A. The company's current market share
B. The target audience's demographics
C. The potential return on investment (ROI)
D. The company's brand reputation
Question 8
A consumer has the right to
A. return a product within 7 days
B. exchange a product for a different size
C. claim compensation for a defective product
D. all of the above
Question 9
A bank's primary function is to
A. accept deposits
B. make loans
C. provide investment services
D. all of the above
Question 10
A company has a warehouse with a capacity of 10,000 units. The company receives an order for 5,000 units and immediately places an order for 8,000 units from a supplier. If the supplier takes 3 days to deliver the goods, what is the probability that the warehouse will be empty before the supplier delivers the goods?
A. 0.5
B. 0.6
C. 0.7
D. 0.8
Question 11
A company is a business owned by shareholders, who have limited liability. What is the main disadvantage of being a company?
A. High startup costs
B. Complexity and bureaucracy
C. Limited flexibility
D. High tax rates
Question 12
A company is considering exporting its products to a foreign market. Which of the following is a key consideration in evaluating the potential risks and opportunities of international trade?
A. The company's current market share
B. The target market's economic conditions
C. The potential return on investment (ROI)
D. The company's brand reputation
Question 13
A consumer purchases a product online, but upon delivery, finds that it is defective. What is the consumer's primary recourse under the Consumer Protection Act?
A. To return the product for a full refund
B. To seek compensation for damages
C. To file a complaint with the relevant regulatory agency
D. To negotiate a replacement product
Question 14
A consumer purchases a product online, but upon delivery, finds that it is defective. What is the consumer's primary recourse under the Consumer Protection Act?
A. To return the product for a full refund
B. To seek compensation for damages
C. To file a complaint with the relevant regulatory agency
D. To negotiate a replacement product
Question 15
A bank has a savings account with an interest rate of 5% per annum. If the account has a principal amount of ₦10,000 and the interest is compounded annually, what is the amount in the account after 2 years?
A. ₦10,510.25
B. ₦10,520.25
C. ₦10,530.25
D. ₦10,540.25

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