POST UTME UNIOSUN 2025 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A sole trader's business is given by the equation R = 2000 + 50Q - 0.5Q^2, where R is the revenue and Q is the quantity sold. If the sole trader sells 100 units, what is the revenue?
A. ₦250,000
B. ₦275,000
C. ₦300,000
D. ₦325,000
Question 2
A company is considering launching a new product line. The marketing manager has estimated that the product will generate ₦150 million in revenue in the first year, with a growth rate of 15% per annum. However, the company also expects to incur a fixed cost of ₦20 million and a variable cost of ₦5 million per unit sold. If the company wants to achieve a return on investment (ROI) of at least 20%, what is the minimum number of units that must be sold in the first year?
A. 10,000 units
B. 15,000 units
C. 20,000 units
D. 25,000 units
Question 3
In a perfectly competitive market, the demand curve for a firm's product is its?
A. Supply Curve
B. Demand Curve
C. Marginal Revenue Curve
D. Marginal Cost Curve
Question 4
A company's primary goal is to maximize shareholder value. However, in doing so, it may compromise on consumer protection. Which of the following best describes this scenario?
A. Conflict of interest
B. Principle of profit maximization
C. Consumer protection
D. Corporate social responsibility
Question 5
A firm uses the following data to calculate its production costs: Labor: ₦50,000; Materials: ₦75,000; Overheads: ₦100,000. What is the total production cost?
A. ₦225,000
B. ₦250,000
C. ₦275,000
D. ₦300,000
Question 6
A warehouse has a storage capacity of 10,000 units. The warehouse is currently 70% full, with 7,000 units stored. If 2,000 more units are received, what is the new percentage of storage capacity used?
A. 60%
B. 65%
C. 70%
D. 75%
Question 7
A company's foreign trade involves exporting goods to various countries. Which of the following is a key consideration in this scenario?
A. Tariffs and taxes
B. Currency fluctuations
C. Trade agreements
D. All of the above
Question 8
A company produces 500 units of a product per day. If the production cost is ₦200 per unit and the selling price is ₦300 per unit, what is the profit per unit?
A. ₦50
B. ₦100
C. ₦150
D. ₦200
Question 9
A company's break-even point is the point at which its?
A. Total Revenue equals Total Fixed Costs
B. Total Revenue equals Total Variable Costs
C. Total Revenue equals Total Fixed Costs plus Total Variable Costs
D. Total Revenue equals Total Variable Costs minus Total Fixed Costs
Question 10
The following diagram shows a firm's marginal revenue and marginal cost curves. If the firm is currently producing at the point where MR = MC, what is the firm's profit-maximizing output?
A. Q1
B. Q2
C. Q3
D. Q4
Question 11
A company's supply chain involves sourcing raw materials from various countries. Which of the following is a key consideration in this scenario?
A. Trade agreements
B. Currency fluctuations
C. Tariffs and taxes
D. All of the above
Question 12
In a perfectly competitive market, the supply curve is upward-sloping because
A. Firms are willing to supply more at higher prices
B. Firms are willing to supply less at lower prices
C. Firms are willing to supply more at lower prices
D. Firms are willing to supply less at higher prices
Question 13
A foreign trade agreement between two countries involves the exchange of goods worth ₦500 million. If the exchange rate is 1 USD = ₦400, what is the equivalent value of the goods in USD?
A. 1,250,000
B. 1,250,000.00
C. 1,250,000.01
D. 1,250,000.02
Question 14
A company's marketing mix consists of?
A. Product, Price, Place, Promotion
B. Product, Price, Place, People
C. Product, Price, Promotion, Place
D. Product, Price, People, Place
Question 15
A bank offers a 5-year fixed deposit account with an interest rate of 12% per annum compounded annually. If a customer deposits ₦100,000 at the beginning of the first year, what is the future value of the investment at the end of the fifth year?
A. ₦163,217.61
B. ₦163,217.62
C. ₦163,217.63
D. ₦163,217.64

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: