UTME 2023 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
Poor sewage disposal, oil spill and indiscriminate refuse dumping all lead to
A. land and water pollution
B. land pollution
C. air and water pollution
D. water pollution
Question 2
An account maintained with a commercial bank for the purpose of foreign exchange transaction is the
A. foreign account
B. international account
C. foreign reserves account
D. domiciliary account
Question 3
The physical and psychological satisfaction a customer derives from the purchase of goods and services is
A. price mix
B. marketing mix
C. product mix
D. promotion mix
Question 4
A functional organization structure is where
A. staff performing similar functions are grouped together
B. staff performing the same functions are grouped together
C. departments performing similar functions are grouped together
D. activities of similar nature are grouped together
Question 5
Services which are absolute monopoly can be best provided by
A. public enterprises
B. private companies
C. limited liability companies
D. public companies
Question 6
One of the major determinants of the volume of production is
A. the market size
B. sex distribution
C. government policy
D. the availability of bank
Question 7
Consumerism aims at protecting the consumer from
A. drug addiction
B. smoking cigarettes
C. alcohol consumption
D. harmful products
Question 8
An aspect of commerce that facilitates the distribution of product is
A. advertising
B. branding
C. trading
D. transportation
Question 9
The three components of staffing are
A. recruitment, selection and placement
B. recruitment, interview and appointment
C. recruitment, test and placement
D. recruitment, selection and appointment
Question 10
Which of the following information is contained in the Articles of Association of a limited liability company?
A. objectives of the company
B. amount of share capital
C. rights and obligations of directors
D. limitation of liability of shareholders
Question 11
The proposed monetary integration with ECOWAS sub-region has the overriding benefit of
A. improved exchange
B. enhanced development
C. enhanced trade
D. improved trade
Question 12
The coming together of a manufacturing business with a firm that markets its products is
A. forward integration
B. backward integration
C. a consortium
D. a syndicate
Question 13
Activities undertaken to create awareness for goods by conducting contests is
A. marketing concept
B. sales promotion
C. marketing mix
D. consumerism
Question 14
A pro-forma invoice is NOT required when
A. quoting for the supply of goods
B. dealing regularly with a customer
C. goods are sent on approval
D. final prices are uncertain
Question 15
A close indent is an instruction to an agent to
A. order goods from any manufacturer
B. sell goods to a certain firm
C. sell goods to a certain firm
D. order goods from a particular manufacturer

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