POST UTME BELLS UNIVERSITY 2017 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A company has a warehouse with a capacity of 10,000 units. The company's inventory is currently at 8,000 units. If the company receives a new shipment of 2,000 units, what is the new inventory level?
Question 2
A company has a contract with a supplier to purchase 500 units of a particular device every month. The contract price is ₦8,000 per unit. If the company sells each unit for ₦12,000, what is the total profit for the month?
Question 3
A company has a warehouse with a capacity of 10,000 units. The company's inventory is currently at 8,000 units. If the company receives a new shipment of 2,000 units, what is the new inventory level?
Question 4
A firm's supply chain involves the transportation of goods from the supplier to the customer. Which of the following is a mode of transportation?
Question 5
A company specializes in producing high-quality leather goods. It has a warehouse with a capacity to store 10,000 units of finished goods. The company uses a just-in-time inventory system and receives new shipments every week. If the company's average weekly sales are 1,500 units, what is the maximum number of weeks the company can operate without running out of stock?
Question 6
A consumer protection law requires businesses to provide clear and accurate information about their products. What is the primary benefit of clear and accurate product information?
Question 7
A company has a loan of ₦500,000 at an interest rate of 10% per annum. If the company makes a payment of ₦50,000 at the end of the first year, what is the new balance?
Question 8
A consumer has purchased a product that has been damaged in transit. What is the consumer's primary recourse?
Question 9
A company has a policy of maintaining a cash reserve of 20% of its total assets. If the company's total assets are ₦1,000,000, what is the minimum amount of cash the company should maintain?
Question 10
A company's marketing mix is given by the 4 Ps: Product, Price, Place, and Promotion. If the company increases the price of its product from ₦100 to ₦120, what is the effect on the Product component?
Question 11
A company has a policy of paying its employees a bonus of 10% of their salary if they meet their targets. If an employee's salary is ₦100,000 and they meet their targets, what is the bonus?
Question 12
A company's marketing mix is given by the 4 Ps: Product, Price, Place, and Promotion. If the company increases the price of its product from ₦100 to ₦120, what is the effect on the Promotion component?
Question 13
A company has a policy of maintaining a cash reserve of 20% of its total assets. If the company's total assets are ₦1,000,000, what is the minimum amount of cash the company should maintain?
Question 14
A bank's primary function is to act as a financial intermediary between savers and borrowers. What is the primary benefit of a bank's financial intermediation function?
Question 15
A company's production process involves the use of specialized machinery. What is the primary benefit of using specialized machinery in production?
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