POST UTME UNIOSUN 2024 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A company is considering two different warehouse locations for storing its products. Location A is closer to the market, but has a higher rent of ₦500,000 per year. Location B is farther from the market, but has a lower rent of ₦300,000 per year. If the company expects to store 10,000 units, which location should it choose?
A. Location A
B. Location B
C. Both locations are equally suitable
D. Neither location is suitable
Question 2
A firm's marketing strategy is to increase its market share by 15% within the next 6 months. If the current market share is 25%, what is the required sales revenue increase?
A. ₦125,000
B. ₦150,000
C. ₦175,000
D. ₦200,000
Question 3
A firm is considering two different marketing strategies for promoting a new product. Strategy A involves a high level of advertising and promotion, with a budget of ₦1,000,000. Strategy B involves a lower level of advertising and promotion, with a budget of ₦500,000. If the firm expects to sell 5,000 units, which strategy should it choose?
A. Strategy A
B. Strategy B
C. Both strategies are equally effective
D. Neither strategy is effective
Question 4
A company is considering implementing a new insurance policy to protect against risks. The company has identified several potential policies, but is concerned about the coverage provided by each policy. Which of the following is a key factor to consider when evaluating the coverage of a new insurance policy?
A. The cost of premiums for the new policy
B. The cost of deductibles for the new policy
C. The cost of co-payments for the new policy
D. The amount of coverage provided by the new policy
Question 5
A firm's marketing mix is 2:3:1:4 for product, price, promotion, and place, respectively. If the total budget is ₦2,000,000, what is the allocated budget for promotion?
A. ₦400,000
B. ₦600,000
C. ₦800,000
D. ₦1,000,000
Question 6
A company is considering implementing a new marketing strategy to increase sales. The company has identified several potential strategies, but is concerned about the impact on the environment. Which of the following is a key factor to consider when evaluating the environmental impact of a new marketing strategy?
A. The cost of producing the new product
B. The cost of distributing the new product
C. The cost of maintaining a website for the new product
D. The amount of packaging used for the new product
Question 7
A company is considering two different production methods for its new product. Method A involves a higher initial investment but lower production costs, while Method B involves a lower initial investment but higher production costs. If the company expects to produce 10,000 units per year for 5 years, and the market price of the product is ₦500 per unit, which production method should the company choose?
A. Method A
B. Method B
C. Method A and Method B are equally profitable
D. More information is needed to make a decision
Question 8
A company is considering implementing a new marketing strategy to increase sales. The company has identified several potential strategies, but is concerned about the costs associated with each strategy. Which of the following is a key factor to consider when evaluating the costs of a new marketing strategy?
A. The cost of advertising the new product
B. The cost of producing the new product
C. The cost of distributing the new product
D. The cost of maintaining a website for the new product
Question 9
In a consumer protection context, what is the primary purpose of the Consumer Protection Act of 1999?
A. To regulate consumer credit
B. To protect consumers from unfair trade practices
C. To promote consumer education
D. To establish consumer tribunals
Question 10
A firm specializes in producing a particular good due to economies of scale. However, this specialization leads to a decrease in the variety of goods produced. Which of the following is a consequence of this specialization?
A. Increased production costs
B. Decreased consumer choice
C. Improved product quality
D. Increased competition
Question 11
A communication company uses a satellite to transmit signals. Which of the following is a characteristic of this system?
A. High-speed transmission
B. Low-speed transmission
C. Satellite-based system
D. Cable-based system
Question 12
A bank offers a credit card with an annual interest rate of 20% and a minimum payment of 2% of the outstanding balance. What is the effective interest rate for the first year?
A. 18%
B. 20%
C. 22%
D. 25%
Question 13
A firm has the following probability distribution of possible outcomes: P(A) = 0.2, P(B) = 0.3, P(C) = 0.2, and P(D) = 0.3. If the firm's expected return is 10% and the variance is 20%, what is the firm's standard deviation?
A. 0.2
B. 0.4
C. 0.6
D. 0.8
Question 14
A company has a cash balance of ₦100,000 and a bank overdraft of ₦50,000. If the company's cash discount is 2% and the bank's interest rate is 10%, what is the company's net cash position?
A. ₦120,000
B. ₦130,000
C. ₦140,000
D. ₦150,000
Question 15
A country's foreign trade involves the importation of goods from another country. Which of the following is a potential benefit of this trade?
A. Increased domestic unemployment.
B. Improved domestic product quality.
C. Reduced domestic prices.
D. Increased domestic income.

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