POST UTME UNIPORT 2019 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
The concept of 'Warehousing and Stock Control' in commerce refers to the management of physical goods and materials in a warehouse. Which of the following is NOT a key function of a warehouse?
Question 2
A consumer protection agency has been established to regulate the activities of a company that produces and sells a product. The agency has discovered that the company has been engaging in unfair business practices, including false advertising and misleading labeling. The agency has issued a warning to the company and has ordered it to cease and desist from such practices. However, the company has refused to comply. What is the next step that the agency should take?
Question 3
A company's articles of association may be altered by a special resolution passed by a 75% majority of its shareholders. What is the name of this type of resolution?
Question 4
A foreign trade agreement between two countries involves the exchange of goods and services. Which of the following is a benefit of this agreement?
Question 5
A bank offers a 5-year loan with an annual interest rate of 10%. The loan amount is ₦1 million, and the bank charges a processing fee of ₦20,000. What is the total amount payable by the borrower at the end of the loan period?
Question 6
A consumer protection law requires businesses to provide clear and accurate information about their products. Which of the following is a key principle of consumer protection?
Question 7
A firm is considering two different marketing strategies for a new product. Strategy A involves a high level of advertising and promotion, while Strategy B involves a low level of advertising and promotion. If the firm expects to sell 10,000 units of the product per month, what is the total revenue for each strategy if the product sells for ₦100 per unit?
Question 8
A company's transport manager wants to reduce fuel consumption while maintaining delivery schedules. Which mode of transportation would she choose?
Question 9
A firm has a warehouse that can hold up to 10,000 units of a product. The firm has a policy of keeping 20% of the product in the warehouse and the rest in a distribution center. If the firm has 8,000 units of the product, how much of it is in the warehouse?
Question 10
A company's business law requires it to comply with all relevant regulations and laws. Which of the following is a key aspect of business law?
Question 11
A company's marketing strategy involves creating a brand identity through advertising and promotional activities. Which of the following is a key element of this strategy?
Question 12
A company's financial statements are audited annually by an independent auditor. Which of the following is a primary benefit of this process?
Question 13
A sole trader, Mr. A, has a business income of ₦3 million and a business expense of ₦1.5 million. He also has a personal income of ₦1.2 million and a personal expense of ₦0.8 million. What is Mr. A's total taxable income?
Question 14
A sole trader's business is registered under the Companies and Allied Matters Act (CAMA) 2020. Which of the following is a characteristic of a sole trader?
Question 15
A company is considering the purchase of a new machine that costs ₦2 million. The machine has a useful life of 8 years and a residual value of ₦0.4 million. The company expects to use the machine for 6 years and then sell it. What is the present value of the machine's future cash flows?
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