POST UTME AL-HIKMAH UNIVERSITY 2018 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A company is considering the introduction of a new product. The product's demand is expected to be 1000 units in the first year, increasing by 20% each year for the next 5 years. If the company wants to maximize its profit, which of the following production levels would be most appropriate?
Question 2
A company has a 10% chance of experiencing a loss due to a natural disaster. If the company's assets are valued at ₦1,000,000, what is the expected value of the loss?
Question 3
A company is exporting goods to a foreign country. Which of the following is a key consideration in the export process?
Question 4
A firm's financial statements show that its total assets have increased by 25% over the past year, while its total liabilities have increased by 15%. If the firm's equity has increased by 10%, what is the ratio of its total assets to total liabilities?
Question 5
A company's sole trader is considering the introduction of a new product line. The product line requires an initial investment of ₦1,500,000 and is expected to generate an annual profit of ₦750,000. If the company's cost of capital is 12% per annum, what is the expected rate of return on investment (ROI) for the new product line?
Question 6
A bank's cash reserve ratio is 20%. If the bank has a total deposit of ₦10,000,000, how much cash must it reserve?
Question 7
A warehouse has a storage capacity of 10,000 units. If it currently has 8,000 units stored, what is the maximum number of units it can store?
Question 8
A company is considering the introduction of a new product. The product's demand is expected to be 1000 units in the first year, increasing by 20% each year for the next 5 years. If the company wants to maximize its profit, which of the following production levels would be most appropriate?
Question 9
A firm's revenue function is given by R(Q) = 100Q. If the firm sells Q = 10 units, what is the firm's total revenue?
Question 10
A company is considering the use of a just-in-time inventory system. Which of the following is a key benefit of this system?
Question 11
The marketing mix of a product can be described as a combination of which of the following?
Question 12
In a perfectly competitive market, the law of supply states that as the price of a commodity increases, the quantity supplied will
Question 13
A company is registered under the Companies and Allied Matters Act 2020. What is the minimum number of directors required for a private company?
Question 14
A firm is considering two different production processes for its new product. Process A has a fixed cost of ₦100,000 and a variable cost of ₦50 per unit. Process B has a fixed cost of ₦150,000 and a variable cost of ₦30 per unit. If the selling price of the product is ₦100 per unit, which process would result in the highest profit?
Question 15
A company's stock is valued at ₦100 per share. If the company issues 10,000 shares, how much will it raise?
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