POST UTME UNN 2022 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A company is considering expanding its operations to a new country. The company's international business manager has identified two potential markets: Market X and Market Y. Market X has a larger market size, but Market Y has a more favorable business environment. Which of the following international business strategies would be most effective for targeting Market Y?
A. Exporting
B. Licensing
C. Franchising
D. Joint venture
Question 2
A company is planning to launch a new product. What is the primary goal of the marketing mix?
A. To create a unique selling proposition
B. To differentiate the product from competitors
C. To position the product in the market
D. To promote the product to the target audience
Question 3
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?
A. Limited liability
B. Unlimited liability
C. Separate legal entity
D. No partnership
Question 4
A company is considering the use of just-in-time inventory management system. What are the benefits of this system?
A. Reduced inventory costs, improved product quality, and increased customer satisfaction
B. Increased inventory costs, reduced product quality, and decreased customer satisfaction
C. Improved inventory turnover, reduced lead times, and increased flexibility
D. Reduced inventory turnover, increased lead times, and decreased flexibility
Question 5
A firm is considering two advertising strategies: a print ad and a digital ad. The print ad has a cost of ₦50,000 and a reach of 10,000 people. The digital ad has a cost of ₦20,000 and a reach of 50,000 people. Which ad should the firm choose?
A. Print ad
B. Digital ad
C. Both ads have the same cost-effectiveness
D. Neither ad is suitable
Question 6
A company is planning to launch a new product. What is the primary goal of the product life cycle?
A. To create a unique selling proposition
B. To differentiate the product from competitors
C. To position the product in the market
D. To promote the product to the target audience
Question 7
A company has a 10% dividend yield on its shares. If the current market price of the shares is ₦100, what is the expected dividend payment per share?
A. ₦10
B. ₦12
C. ₦15
D. ₦20
Question 8
A company is registered under the Companies and Allied Matters Act (CAMA) 2020. Which of the following is a characteristic of a company?
A. Limited liability
B. Unlimited liability
C. Separate legal entity
D. No partnership
Question 9
A bank offers a 10% interest rate on deposits. If a customer deposits ₦100,000 for 5 years, how much interest will the customer earn?
A. ₦50,000
B. ₦60,000
C. ₦70,000
D. ₦80,000
Question 10
A company is considering using a transportation mode that is more environmentally friendly. The company's logistics manager has identified two potential options: Option A and Option B. Option A has a higher cost per unit but is more environmentally friendly, while Option B has a lower cost per unit but is less environmentally friendly. Which of the following transportation modes would be most effective for Option A?
A. Rail
B. Truck
C. Ship
D. Air
Question 11
A bank is considering lending money to a customer. Which of the following is a key factor to consider when determining whether to lend the money?
A. The customer's credit history
B. The customer's income
C. The customer's debt-to-income ratio
D. The customer's employment status
Question 12
The Consumer Protection Act of 1999 provides for the establishment of the Consumer Protection Council. What is the primary function of the Council?
A. To promote consumer awareness and education
B. To investigate consumer complaints and prosecute offenders
C. To regulate consumer transactions and enforce consumer rights
D. To provide consumer counseling and mediation services
Question 13
A company is considering exporting its products to a foreign market. Which of the following is a key factor to consider when determining whether to export?
A. The company's production costs
B. The company's market share in the domestic market
C. The company's ability to adapt to foreign market conditions
D. The company's financial resources
Question 14
A company is considering the use of a risk management strategy. What are the benefits of diversification?
A. Reduced risk, improved returns, and increased flexibility
B. Increased risk, reduced returns, and decreased flexibility
C. Improved cash flow, reduced debt, and increased liquidity
D. Reduced cash flow, increased debt, and decreased liquidity
Question 15
A firm's break-even point is ₦50,000. If the selling price is ₦100,000 and the fixed costs are ₦20,000, what is the contribution margin?
A. ₦30,000
B. ₦20,000
C. ₦40,000
D. ₦60,000

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