POST UTME UNIPORT 2025 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A marketing strategy involves identifying and satisfying customer needs. What is the primary benefit of this approach?
A. Increased market share
B. Improved customer satisfaction
C. Reduced production costs
D. Enhanced brand image
Question 2
A consumer purchases a product for ₦5,000 and pays a 10% sales tax. How much does the consumer pay in total?
A. ₦5,500
B. ₦5,000
C. ₦4,500
D. ₦6,000
Question 3
A sole trader's business is considered a separate legal entity from its owner. What is the primary reason for this separation?
A. Limited liability
B. Separate taxation
C. Separate accounting
D. Separate management
Question 4
A firm is considering two different production technologies: one that uses 10 units of labor to produce 100 units of output, and another that uses 5 units of labor to produce 50 units of output. If the firm wants to produce 200 units of output, and the cost of labor is ₦100 per hour, which production technology should the firm choose?
A. The firm should choose the first production technology.
B. The firm should choose the second production technology.
C. The firm should choose the production technology that minimizes the cost of labor.
D. The firm should choose the production technology that maximizes the output.
Question 5
A company's articles of association outline its rules and regulations. What is the primary purpose of these articles?
A. To define the company's objectives
B. To outline the company's management structure
C. To specify the company's rules and regulations
D. To determine the company's share capital
Question 6
A company is considering a new marketing strategy that involves targeting low-income households. What type of consumer protection law would be most relevant in this scenario?
A. Consumer Protection Act
B. Fair Trading Act
C. Unfair Contract Terms Act
D. Data Protection Act
Question 7
A company's articles of association outline its rules and regulations. What is the primary purpose of these articles?
A. To define the company's objectives
B. To outline the company's management structure
C. To specify the company's rules and regulations
D. To determine the company's share capital
Question 8
A firm's cost function is given by C = 2L + 3K, where C is cost, L is labor, and K is capital. If the firm increases labor by 20% and capital by 15%, what is the percentage increase in cost?
A. 5%
B. 10%
C. 15%
D. 20%
Question 9
A company uses a just-in-time inventory system. What is the primary advantage of this system?
A. Reduced storage costs
B. Improved customer satisfaction
C. Increased efficiency
D. Reduced lead times
Question 10
A company is accused of engaging in unfair business practices. What is the primary purpose of the Fair Trading Act?
A. To regulate business practices and protect consumers from unfair trade
B. To provide a framework for consumer education and awareness
C. To establish a consumer protection agency to handle complaints
D. To promote consumer research and development
Question 11
A company's sole trader is considering expanding its operations to a foreign market. Which of the following is a key consideration in this decision?
A. The company's brand reputation in the foreign market
B. The cost of transporting goods to the foreign market
C. The availability of skilled labor in the foreign market
D. The company's ability to adapt to local business practices
Question 12
In a perfectly competitive market, the law of diminishing marginal utility states that as the quantity of a good consumed increases, the marginal utility derived from each additional unit decreases. However, the law of increasing costs states that as the quantity of a good produced increases, the average cost of production increases. Which of the following is a correct statement regarding the relationship between the law of diminishing marginal utility and the law of increasing costs?
A. The law of diminishing marginal utility is a consequence of the law of increasing costs.
B. The law of increasing costs is a consequence of the law of diminishing marginal utility.
C. The law of diminishing marginal utility and the law of increasing costs are unrelated.
D. The law of diminishing marginal utility and the law of increasing costs are mutually exclusive.
Question 13
A company is considering exporting its products to a foreign market. Which of the following is a key consideration in this decision?
A. The company's brand reputation in the foreign market
B. The cost of transporting goods to the foreign market
C. The availability of skilled labor in the foreign market
D. The company's ability to adapt to local business practices
Question 14
A company imports goods worth ₦1,500,000. If the exchange rate is 1 USD = ₦375, how much is the import duty?
A. ₦375,000
B. ₦500,000
C. ₦625,000
D. ₦750,000
Question 15
A consumer purchases a product with a warranty period of 2 years. What is the primary purpose of the warranty?
A. To protect the consumer from defects
B. To provide customer support
C. To increase sales
D. To reduce costs

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: