POST UTME BELLS UNIVERSITY 2022 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A firm is considering two different marketing strategies for promoting a new product. Strategy A involves a one-time advertising expenditure of ₦1,000,000, while Strategy B involves a monthly advertising expenditure of ₦100,000 for 10 months. If the firm expects to sell 10,000 units of the product, what is the total cost of each strategy?
A. ₦1,000,000
B. ₦1,100,000
C. ₦1,200,000
D. ₦1,300,000
Question 2
A company is considering two marketing strategies: Product Placement and Social Media Advertising. Product Placement involves partnering with popular TV shows to feature their products, while Social Media Advertising involves creating targeted ads on platforms like Facebook and Instagram. Which strategy is more likely to increase brand awareness among young adults?
A. Product Placement
B. Social Media Advertising
C. Both are equally effective
D. Neither is effective
Question 3
A company's warehousing and stock control system is designed to minimize inventory costs. Which of the following inventory control methods is most likely to be used?
A. Just-In-Time (JIT) inventory control
B. Economic Order Quantity (EOQ) inventory control
C. FIFO (First-In-First-Out) inventory control
D. LIFO (Last-In-First-Out) inventory control
Question 4
A sole trader has a capital of ₦1,000,000 and a profit of ₦200,000. What is the new capital?
A. ₦1,200,000
B. ₦1,100,000
C. ₦1,000,000
D. ₦900,000
Question 5
A company's advertising strategy involves using social media platforms to reach its target audience. Which of the following advertising media is being used?
A. Print advertising
B. Electronic advertising
C. Digital advertising
D. Outdoor advertising
Question 6
A consumer purchases a product for ₦1,000 and pays a 5% sales tax. What is the total amount paid by the consumer?
A. ₦1,050
B. ₦1,045
C. ₦1,040
D. ₦1,035
Question 7
A company has a share capital of ₦1,000,000, divided into 100,000 ordinary shares of ₦10 each. If the company issues 50,000 shares to the public at a premium of ₦5 per share, what is the total amount received from the public?
A. ₦500,000
B. ₦750,000
C. ₦1,250,000
D. ₦1,500,000
Question 8
A firm is considering entering a new market through a joint venture with a local partner. The firm has determined that the joint venture will provide access to new customers and improve its competitive position in the market. However, the firm is concerned about the potential risks associated with partnering with a local firm. Which of the following is a key consideration for the firm?
A. The firm's ability to manage cultural differences
B. The firm's ability to negotiate favorable terms with the local partner
C. The firm's ability to manage the risks associated with partnering with a local firm
D. The firm's ability to secure funding for the joint venture
Question 9
A firm is considering expanding its operations to a new country. The firm has conducted market research and determined that the new market has a high demand for its products. However, the firm is concerned about the potential risks associated with entering a new market. Which of the following is a key consideration for the firm?
A. The firm's ability to adapt to local market conditions
B. The firm's ability to negotiate favorable trade agreements
C. The firm's ability to manage cultural differences
D. The firm's ability to secure funding for the expansion
Question 10
A consumer purchases a product with a recommended retail price of ₦5,000. If the product is sold at a discount of 10% and the consumer also receives a cashback of 5% of the purchase price, what is the amount the consumer pays?
A. ₦4,250
B. ₦4,500
C. ₦4,750
D. ₦5,000
Question 11
A company is considering two different distribution channels for its product. Channel A involves a direct sales force, while Channel B involves a network of independent distributors. If the company expects to sell 10,000 units of the product, what is the total cost of each channel?
A. ₦1,000,000
B. ₦1,500,000
C. ₦2,000,000
D. ₦2,500,000
Question 12
A company is considering two different production processes for its new product. Process A requires an initial investment of ₦10 million and generates a profit of ₦2 million per year. Process B requires an initial investment of ₦5 million and generates a profit of ₦3 million per year. Which process should the company choose?
A. Process A
B. Process B
C. Both processes are equally profitable
D. Neither process is profitable
Question 13
A company has a fleet of 10 vehicles, each with an average annual insurance premium of ₦50,000. If the company also pays an additional ₦10,000 per vehicle for comprehensive insurance, what is the total annual insurance premium for the fleet?
A. ₦500,000
B. ₦550,000
C. ₦600,000
D. ₦650,000
Question 14
A company is considering two different production processes for manufacturing a product. Process A requires an initial investment of ₦1,500,000 and has a variable cost of ₦500 per unit. Process B requires an initial investment of ₦2,000,000 and has a variable cost of ₦300 per unit. If the selling price of the product is ₦1,200 per unit, what is the break-even point for each process?
A. 1,000 units
B. 1,500 units
C. 2,000 units
D. 2,500 units
Question 15
A sole trader's business is registered under which of the following business structures?
A. Sole Proprietorship
B. Partnership
C. Limited Liability Company
D. Cooperative Society

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