POST UTME UNN 2023 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A firm specializes in producing a single product. This is an example of _______.
Question 2
A company has a sole trader business structure. What are the characteristics of this business structure?
Question 3
A company is considering a new product line that will require an initial investment of ₦2,000,000. The product is expected to generate ₦500,000 in profit per year for the next 5 years, and then the product will be discontinued. What is the net present value of the investment?
Question 4
A company has a total of ₦5,000,000 in its current account. If it withdraws ₦1,500,000 and deposits ₦2,000,000, what is the new balance?
Question 5
A firm's production function is given by Q = 2L^(1/2)K^(1/2). If the price of labor is ₦100 per unit and the price of capital is ₦200 per unit, and if the firm is currently producing 16 units of output, what is the marginal product of labor?
Question 6
A company is considering two different warehouse layouts for its new distribution center. Layout A has a rectangular shape with dimensions 100m x 50m, while Layout B has a square shape with side length 75m. If the company wants to maximize storage capacity while minimizing the perimeter, which layout should it choose?
Question 7
In a perfectly competitive market, the supply curve is upward-sloping because of the law of increasing
Question 8
A bank offers a 5-year fixed deposit account with an interest rate of 10% per annum. If a customer deposits ₦100,000, how much will the customer receive at the end of the 5-year period?
Question 9
A company is considering two different business units: sole trade and company. The sole trade business unit has a higher profit margin, but the company business unit has a lower risk. If the company wants to maximize its profits while minimizing its risk, which business unit should it choose?
Question 10
A firm is considering two marketing strategies: Strategy A involves a 10% increase in advertising expenditure, while Strategy B involves a 5% increase in sales force size. If the firm's current advertising expenditure is ₦100,000 and its current sales force size is 10 people, what is the total cost of Strategy A?
Question 11
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's current labor and capital inputs are L = 4 and K = 9, what is the marginal product of labor?
Question 12
A company's marketing strategy involves creating a brand identity that is consistent across all its products and services. Which of the following is a key element of brand identity?
Question 13
A company is considering two investment projects. Project A has a 10% chance of generating ₦1,000,000 in profit, and a 90% chance of generating ₦0 in profit. Project B has a 20% chance of generating ₦500,000 in profit, and a 80% chance of generating ₦0 in profit. Which project has the higher expected value?
Question 14
The following diagram shows a marketing mix for a new product. Identify the correct positioning strategy for the product.
Question 15
A company is considering two different modes of transportation for its products: road and rail. The cost of transporting a unit of product by road is ₦150, while the cost of transporting a unit of product by rail is ₦120. If the company expects to transport 1000 units of product, what is the total cost of transportation if 60% of the units are transported by road and 40% by rail?
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