POST UTME AL-HIKMAH UNIVERSITY 2022 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A company has a policy of paying dividends quarterly. If the company's annual dividend payment is ₦500,000, what is the company's quarterly dividend payment?
Question 2
A firm is considering two different modes of transportation to deliver its products to customers. Mode A costs 10 units per unit delivered and has a fixed cost of 100 units. Mode B costs 8 units per unit delivered and has a fixed cost of 50 units. If the firm needs to deliver 20 units, which mode of transportation should it choose?
Question 3
A firm's production function is given by the equation Q = 2L^0.5 + 3K^0.5, where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm wants to produce 100 units of output, how much labor should it hire, given that the capital input is 16 units?
Question 4
A transport company uses a just-in-time inventory system to manage its warehouse. What is the primary advantage of this system?
Question 5
A consumer has a utility function given by U = 2x + 3y. If the consumer's income is 100 units of currency and the prices of the two goods are 5 units and 10 units respectively, what is the consumer's optimal consumption bundle?
Question 6
A company's marketing mix is a combination of the 4 Ps: product, price, promotion, and place. If a company decides to increase its product quality, what will be the effect on its price?
Question 7
In a perfectly competitive market, the law of supply states that as the price of a commodity increases, the quantity supplied will
Question 8
A risk management strategy involves identifying, assessing, and mitigating risks. If a company identifies a risk that has a 20% chance of occurring and a potential loss of ₦1 billion, what is the expected value of this risk?
Question 9
In a sole trade business, what is the primary advantage of using a sole proprietorship structure?
Question 10
A sole trader is sued for negligence by a customer who was injured while using a product sold by the trader. The customer claims that the trader failed to provide adequate warnings and instructions for the safe use of the product. Which of the following is the most likely outcome?
Question 11
A bank's return on assets (ROA) is a measure of its ability to generate earnings from its assets. If a bank has an ROA of 0.02 and its total assets are ₦10 billion, what is its net income?
Question 12
A company has a capital structure consisting of 60% equity and 40% debt. If the company's cost of equity is 12% and the cost of debt is 6%, what is the company's weighted average cost of capital (WACC)?
Question 13
A sole trader's profit is calculated as the difference between total revenue and total cost. If the total revenue is ₦250,000 and the total cost is ₦180,000, what is the sole trader's profit?
Question 14
A firm is considering two different modes of transportation for its goods: trucking and rail. The cost of trucking is 100 units of currency per unit of distance, while the cost of rail is 50 units of currency per unit of distance. If the firm needs to transport 1000 units of goods over a distance of 1000 units, what is the total cost of transportation using rail?
Question 15
A company's marketing strategy involves a mix of advertising, sales promotions, and public relations. Which of the following is NOT a type of advertising?
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