POST UTME COAL CITY UNIVERSITY 2019 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A company exports goods worth ₦5,000,000 to a foreign country. The exchange rate is 1 USD = ₦360. What is the value of the export in USD?
A. USD 13,888.89
B. USD 14,444.44
C. USD 15,000.00
D. USD 16,666.67
Question 2
A firm's cost of production is the sum of the fixed costs and the variable costs. What is the formula for the cost of production?
A. TC = FC + VC
B. TC = FC - VC
C. TC = FC x VC
D. TC = FC / VC
Question 3
A company has a warehouse with a capacity of 10,000 units. If the current stock level is 8,000 units and the daily demand is 200 units, what is the maximum number of days the warehouse can supply the demand?
A. 20 days
B. 30 days
C. 40 days
D. 50 days
Question 4
A production system has a bottleneck at the assembly stage. What is the primary consequence of this bottleneck?
A. Increased production costs
B. Reduced product quality
C. Decreased production capacity
D. Improved supply chain efficiency
Question 5
A company's financial statements show a net income of ₦1,500,000 and a total equity of ₦3,000,000. What is the return on equity (ROE) percentage?
A. 50%
B. 60%
C. 70%
D. 80%
Question 6
A risk management strategy involves diversification of assets to minimize risk. What is the primary benefit of diversification?
A. Increased risk
B. Reduced risk
C. Improved return on investment
D. Enhanced liquidity
Question 7
A firm's production function is given by Q = 2L^(1/2)K^(1/2), where Q is output, L is labor, and K is capital. If the firm is currently using 16 units of labor and 25 units of capital, what is the marginal product of labor?
A. 0.5
B. 1
C. 2
D. 4
Question 8
In a perfectly competitive market, the demand curve for a firm's product is its
A. marginal revenue curve
B. marginal cost curve
C. average revenue curve
D. average cost curve
Question 9
A company is considering two different marketing strategies: Strategy A, which involves a 10% increase in advertising expenditure, and Strategy B, which involves a 20% decrease in advertising expenditure. If the company's current advertising expenditure is ₦100,000, what is the total advertising expenditure under each strategy?
A. Strategy A: ₦110,000, Strategy B: ₦80,000
B. Strategy A: ₦90,000, Strategy B: ₦80,000
C. Strategy A: ₦110,000, Strategy B: ₦60,000
D. Strategy A: ₦90,000, Strategy B: ₦60,000
Question 10
A marketing manager is developing a new product launch campaign. Which of the following is NOT a typical marketing objective?
A. To increase brand awareness
B. To generate leads and sales
C. To reduce the company's environmental impact
D. To increase the company's market share
Question 11
A company is considering launching a new product. The marketing manager has estimated the potential market size to be 100,000 units. If the company wants to capture 20% of the market share, how many units should it produce?
A. 10,000 units
B. 20,000 units
C. 30,000 units
D. 40,000 units
Question 12
A sole trader, John, sells his products through two channels: online and offline. The online channel generates 30% of his sales, while the offline channel generates 70% of his sales. If John's total sales are ₦1,500,000, what is the total sales generated by the online channel?
A. ₦450,000
B. ₦450,000
C. ₦450,000
D. ₦450,000
Question 13
A consumer's budget constraint is the maximum amount of money they have available to spend on goods and services. What is the formula for the budget constraint?
A. B = P x Q
B. B = P + Q
C. B = P - Q
D. B = P / Q
Question 14
A company has a warehouse with a capacity of 10,000 units. The company receives an order for 5,000 units and has a lead time of 2 weeks. If the company uses a first-in-first-out (FIFO) inventory system, what is the expected stockout rate?
A. 10%
B. 20%
C. 30%
D. 40%
Question 15
A company's Memorandum of Association (MoA) outlines its primary objectives. Which of the following is NOT a typical objective of a company's MoA?
A. To generate profits for its shareholders
B. To engage in research and development activities
C. To promote the welfare of its employees
D. To provide charitable services to the community

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