POST UTME ACHIEVERS UNIVERSITY 2023 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A company's revenue function is given by R(x) = 2x^2 - 10x + 5, where x is the number of units sold. If the company wants to maximize its revenue, how many units should it sell?
A. 5 units
B. 10 units
C. 15 units
D. 20 units
Question 2
A bank's cash reserve ratio is 20%. If the bank has ₦10,000,000 in deposits, how much cash must it hold in reserve?
A. ₦2,000,000
B. ₦2,500,000
C. ₦2,000,000
D. ₦2,750,000
Question 3
A company is considering two different production methods for its new product. Method A involves a higher initial investment but lower production costs, while Method B involves a lower initial investment but higher production costs. If the company expects to produce 10,000 units of the product per year for 5 years, and the market price of the product is ₦500 per unit, which production method should the company choose?
A. Method A
B. Method B
C. Both methods are equally profitable
D. Neither method is profitable
Question 4
A company has a warehouse with a capacity of 10,000 units. If it receives a shipment of 5,000 units, what is the percentage increase in storage capacity?
A. 25%
B. 50%
C. 75%
D. 100%
Question 5
A company's balance sheet shows total assets of ₦5,000,000, total liabilities of ₦2,500,000, and total equity of ₦2,500,000. What is the company's debt-to-equity ratio?
A. 1:1
B. 2:1
C. 1:2
D. 3:1
Question 6
A sole trader has a business that sells electronics. The sole trader has a total of 10 employees, and each employee earns a monthly salary of ₦50,000. If the sole trader pays a total of ₦600,000 in salaries for the month, what is the total number of employees who earn a salary of more than ₦50,000 per month?
A. 2
B. 3
C. 4
D. 5
Question 7
A sole trader is considering expanding their business by hiring employees. Which of the following is a key consideration for the sole trader?
A. The sole trader should consider the potential risks of hiring employees, including the risk of employee turnover.
B. The sole trader should consider the potential benefits of hiring employees, including increased productivity.
C. The sole trader should consider the potential impact on their personal finances, including the risk of increased taxes.
D. The sole trader should consider the potential impact on their business reputation, including the risk of negative publicity.
Question 8
A sole trader has a business income of ₦500,000 and expenses of ₦300,000. What is the profit before tax?
A. ₦100,000
B. ₦150,000
C. ₦200,000
D. ₦250,000
Question 9
A company has a policy of paying its employees a bonus of 10% of their monthly salary if they meet their performance targets. If an employee earns a monthly salary of ₦100,000 and meets their performance targets, what is the total amount of bonus they will receive?
A. ₦10,000
B. ₦11,000
C. ₦12,000
D. ₦13,000
Question 10
A consumer purchases a product for ₦10,000 and pays a 10% sales tax. What is the total amount the consumer pays?
A. ₦11,000
B. ₦11,100
C. ₦11,200
D. ₦11,300
Question 11
A company's supply function is given by Q = 2P + 10, where Q is the quantity supplied and P is the price. If the company wants to maximize its revenue, what price should it charge?
A. ₦20
B. ₦30
C. ₦40
D. ₦50
Question 12
A consumer's budget constraint is given by the equation 2x + 3y = 12. If the consumer's current consumption bundle is (x,y) = (2,4), what is the consumer's current utility level?
A. 8
B. 10
C. 12
D. 14
Question 13
A company has a policy of paying its employees a bonus of 10% of their monthly salary if they meet their performance targets. If an employee earns a monthly salary of ₦100,000 and meets their performance targets, what is the total amount of bonus they will receive?
A. ₦10,000
B. ₦11,000
C. ₦12,000
D. ₦13,000
Question 14
A company is considering launching a new product in a foreign market. The company has conducted market research and determined that the product will be successful. However, the company is concerned about the potential risks of launching a new product in a foreign market. Which of the following is a key consideration for the company?
A. The company should consider the cultural differences between the home market and the foreign market.
B. The company should consider the regulatory environment of the foreign market.
C. The company should consider the potential risks of intellectual property infringement.
D. The company should consider the potential risks of currency fluctuations.
Question 15
A bank has a reserve requirement of 10% and a cash reserve of ₦500,000. If it receives a deposit of ₦1,000,000, what is the additional cash reserve required?
A. ₦50,000
B. ₦100,000
C. ₦150,000
D. ₦200,000

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