POST UTME ABU 2017 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A company's revenue function is given by R(x) = 3x^2 - 2x + 1. If the company sells 5 units of output, what is the total revenue?
Question 2
A country's production possibilities frontier is given by the equation 2L + 3K = 100. If the country's labor and capital inputs are increased by 20% and 15% respectively, what is the new level of output?
Question 3
A company's marketing strategy involves a 10% discount on all products for the first 100 customers. If the original price of a product is ₦500, what is the total revenue generated from the first 100 customers?
Question 4
A firm's production function is given by Q = 2L^0.5H^0.5, where Q is output, L is labor and H is capital. If the firm wants to increase output by 20% while keeping labor constant at 16 units, what percentage increase in capital is required?
Question 5
A firm's cost function is given by C(q) = 2q^2 + 5q + 10. If the firm produces 10 units of output, what is the total cost of production?
Question 6
A company has a total of 1000 shares outstanding, with a par value of ₦10 per share. If the company's market value is ₦15 per share, what is the total market value of the company's shares?
Question 7
A company's warehouse has a capacity to store 10,000 units of a product. The company currently has 8,000 units in stock and is expecting an additional 2,000 units to be delivered. If the company uses a first-in-first-out (FIFO) inventory system, what is the probability that the company will run out of stock?
Question 8
A bank offers a 5-year fixed deposit account with a 10% annual interest rate compounded annually. If ₥0,000 is deposited at the beginning of the first year, how much will be in the account at the end of the fifth year?
Question 9
A company's revenue function is given by R = 2Q^2, where R is revenue and Q is output. If the company wants to increase revenue by 50%, what is the new level of output?
Question 10
A business's financial statements provide information about its financial position and performance. Which of the following financial statements provides information about a business's profitability?
Question 11
A bank is considering the issuance of a new bond with a face value of ₦10 million and a coupon rate of 8% per annum. If the bank's cost of capital is 10% per annum, what is the yield to maturity (YTM) of the bond?
Question 12
A sole trader's business is considered a separate legal entity from its owner. However, the owner is personally liable for all business debts and obligations. What is the name of this type of liability?
Question 13
A company is a type of business organization that is owned by shareholders. What is the primary disadvantage of being a company?
Question 14
A company has a portfolio of assets with the following returns and standard deviations: Asset A: 8% and 12%, Asset B: 10% and 15%. If the company allocates 60% of its portfolio to Asset A and 40% to Asset B, what is the expected return and standard deviation of the portfolio?
Question 15
The concept of 'Gross National Product' (GNP) is closely related to the concept of 'National Income'. Discuss the relationship between these two economic indicators.
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