POST UTME BSU 2025 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A consumer protection agency has received a complaint from a customer who was sold a defective product. The agency has the power to _______ the company.
A. Compel the company to refund the customer's money
B. Order the company to replace the defective product
C. Impose a fine on the company
D. Suspend the company's business license
Question 2
A company's financial statements show a net loss of ₦1,000,000. However, the company's cash flow statement shows a net increase of ₦500,000. What is the implication of this situation?
A. The company is insolvent
B. The company is experiencing cash flow problems
C. The company is generating positive cash flow
D. The company's financial statements are inaccurate
Question 3
A sole trader's business is not registered with the Corporate Affairs Commission (CAC). Which of the following is a consequence of this?
A. The business is not liable for its debts
B. The business cannot open a bank account
C. The business is not entitled to claim tax relief
D. The business is not required to file annual returns
Question 4
A consumer purchases a product from a retailer, but the product is defective. The consumer returns the product to the retailer, who refuses to refund the money. What law protects the consumer's rights in this situation?
A. Sale of Goods Act
B. Consumer Protection Act
C. Unfair Contract Terms Act
D. Unfair Trading Practices Directive
Question 5
A warehouse manager wants to optimize storage space by arranging boxes of different sizes. If the boxes are 2 meters long, 1.5 meters wide, and 1 meter high, and the warehouse has a ceiling height of 3 meters, what is the maximum number of boxes that can be stacked?
A. 10
B. 12
C. 15
D. 18
Question 6
In a consumer protection scenario, a company is found to have engaged in unfair business practices, resulting in significant financial losses for its customers. Which of the following legal remedies would be most appropriate for the affected consumers?
A. Class action lawsuit
B. Individual lawsuits
C. Administrative proceedings
D. Negotiation with the company
Question 7
A company wants to launch a new product and is considering two marketing strategies: social media advertising and influencer marketing. Which strategy is most likely to reach a younger demographic?
A. Social media advertising
B. Influencer marketing
C. Content marketing
D. Email marketing
Question 8
A company's financial statements are prepared in accordance with the International Financial Reporting Standards (IFRS). Which of the following is a characteristic of IFRS?
A. IFRS is based on historical cost accounting
B. IFRS requires the use of cash flow statements
C. IFRS is based on the accrual accounting method
D. IFRS is only used by non-profit organizations
Question 9
A company's warehouse has a storage capacity of 10,000 units. If the company receives a shipment of 5,000 units and already has 3,000 units in stock, what is the total number of units in the warehouse?
A. 8,000
B. 9,000
C. 10,000
D. 11,000
Question 10
A company is considering launching a new product in a foreign market. The company's marketing manager estimates that the demand for the product will be given by the equation Q = 100 - 2P, where Q is quantity demanded and P is price. If the company wants to maximize its revenue, what price should it charge for the product?
A. ₦50
B. ₦75
C. ₦100
D. ₦125
Question 11
A firm's insurance policy covers losses due to natural disasters. If the policy has a deductible of ₦100,000 and the firm suffers a loss of ₦500,000, what is the amount the firm must pay out of pocket?
A. ₦400,000
B. ₦300,000
C. ₦200,000
D. ₦100,000
Question 12
A firm's cost function is given by C = 2L + 3K, where C is cost, L is labor, and K is capital. If the firm wants to minimize its cost while producing 100 units of output, how much labor and capital should it use?
A. L = 20, K = 30
B. L = 30, K = 20
C. L = 40, K = 10
D. L = 10, K = 40
Question 13
A bank offers a credit card with a 20% annual interest rate and a 2% annual fee. If a customer has a balance of ₦10,000 and makes a payment of ₦5,000, what is the new balance after one year?
A. ₦15,000
B. ₦12,500
C. ₦11,000
D. ₦10,500
Question 14
A company's marketing strategy involves creating a sense of exclusivity among its customers. This is an example of a _______ tactic.
A. Scarcity
B. Loss aversion
C. Social proof
D. Authority
Question 15
A life insurance policy has a premium of ₦50,000 per year and a death benefit of ₦1,000,000. If the policyholder dies after 5 years, what is the total payout to the beneficiary?
A. ₦2,500,000
B. ₦2,000,000
C. ₦1,750,000
D. ₦1,500,000

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