POST UTME UNN 2025 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A company's insurance policy has a deductible of ₦50,000 and a maximum payout of ₦500,000. If the company suffers a loss of ₦750,000, what is the total amount the company must pay?
A. ₦200,000
B. ₦250,000
C. ₦300,000
D. ₦350,000
Question 2
A company is accused of violating the Consumer Protection Act by selling a product with a misleading label. The company claims that the label was approved by a regulatory agency. However, the agency denies any involvement. Which of the following is the most appropriate course of action for the company?
A. To continue selling the product with the same label
B. To recall the product and replace the label with a new one
C. To seek legal advice from a lawyer
D. To ignore the allegations and continue business as usual
Question 3
A transport company is considering investing in a new fleet of vehicles. The company has two options: to purchase the vehicles outright or to lease them. Which of the following is a key consideration for the company?
A. The company's financial resources
B. The vehicles' expected lifespan
C. The company's risk tolerance
D. The lease terms
Question 4
A company's sole trader has a warehouse with a capacity of 5000 units. If the company's sales revenue increases by 15% and the cost of goods sold increases by 8%, what is the new total cost of goods sold, given that the initial cost of goods sold was ₦1,200,000?
A. ₦1,320,000
B. ₦1,344,000
C. ₦1,368,000
D. ₦1,392,000
Question 5
A company has a portfolio of assets with the following returns: Asset A = 10%, Asset B = 12%, Asset C = 15%. If the company's current portfolio is equally weighted, what is the expected return on the portfolio?
A. 12%
B. 13%
C. 14%
D. 15%
Question 6
A bank's reserve requirement is 10%. If the bank has a reserve balance of ₦100,000, how much in new deposits can it accept?
A. ₦1,000,000
B. ₦900,000
C. ₦1,100,000
D. ₦1,200,000
Question 7
A firm's demand function is given by Q = 100 - 2P. If the firm's current price is ₦20, what is the firm's current quantity demanded?
A. 80
B. 90
C. 100
D. 110
Question 8
A company's production function is given by Q = 100L^0.5K^0.25. If the price of labor (L) is 10 per unit and the price of capital (K) is 20 per unit, and the company wants to maximize its profit, what is the optimal level of labor (L) and capital (K)?
A. L = 100, K = 100
B. L = 121.21, K = 81.61
C. L = 100, K = 0
D. L = 0, K = 100
Question 9
A firm has a production function Q = 2L^(1/2)K^(1/2). If the firm wants to increase its output by 20% while keeping labor constant, what percentage increase in capital is required?
A. 10%
B. 20%
C. 30%
D. 40%
Question 10
A consumer has a utility function U(x, y) = 2x + 3y. The prices of x and y are 2 and 3, respectively. If the consumer's income is 100, what is the optimal bundle of x and y?
A. x = 20, y = 10
B. x = 15, y = 15
C. x = 10, y = 20
D. x = 5, y = 25
Question 11
A company's revenue function is given by R = 100L + 200K. If the price of labor (L) is 10 per unit and the price of capital (K) is 20 per unit, and the company wants to maximize its revenue, what is the optimal level of labor (L) and capital (K)?
A. L = 100, K = 100
B. L = 0, K = 100
C. L = 100, K = 0
D. L = 0, K = 0
Question 12
A company is considering implementing a just-in-time (JIT) production system. However, the company is concerned about the potential risks associated with JIT production. Which of the following is a key benefit of JIT production?
A. Reduced inventory costs
B. Improved product quality
C. Increased flexibility in production
D. Enhanced brand reputation
Question 13
A company is considering outsourcing its logistics to a third-party provider. However, the company is concerned about the potential risks associated with outsourcing. Which of the following is a key benefit of outsourcing logistics?
A. Increased control over the supply chain
B. Improved customer service
C. Reduced costs
D. Enhanced brand reputation
Question 14
A sole trader's business has a profit of ₦200,000 and a turnover of ₦1,500,000. If the company's expenses are 30% of the turnover, what is the company's profit margin?
A. 13.33%
B. 14.29%
C. 15%
D. 16.67%
Question 15
A consumer is considering purchasing a product online. Which of the following consumer protection laws is most likely to apply?
A. The Consumer Protection Act
B. The Distance Selling Regulations
C. The Consumer Contracts Regulations
D. The Unfair Contract Terms Act

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