POST UTME COAL CITY UNIVERSITY 2020 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A marketing manager is developing a campaign to promote a new product. Which of the following marketing strategies is most likely to be used?
A. Segmentation, Targeting, Positioning (STP)
B. Product Life Cycle (PLC)
C. Marketing Mix (4Ps)
D. Brand Equity
Question 2
A policyholder purchases a life insurance policy with a face value of ₦5 million. The policy has a term of 20 years and a premium of ₦50,000 per annum. What is the probability that the policyholder will survive the term of the policy?
A. 0.95
B. 0.975
C. 0.985
D. 0.995
Question 3
A company's Articles of Association may be amended by a special resolution passed by a majority of?
A. Shareholders
B. Directors
C. Members
D. Creditors
Question 4
A company's articles of association can be amended by a majority vote of the shareholders at a general meeting. Which of the following is a correct statement?
A. The articles of association can be amended by a simple majority vote.
B. The articles of association can be amended by a two-thirds majority vote.
C. The articles of association can be amended by a unanimous vote.
D. The articles of association cannot be amended by a shareholder vote.
Question 5
A company is considering the purchase of a new insurance policy. The policy has a premium of ₦50,000 per year and covers losses up to ₦1,000,000. What is the expected value of the policy?
A. ₦20,000
B. ₦30,000
C. ₦40,000
D. ₦50,000
Question 6
A company's foreign trade involves the importation of goods from a foreign country. What is the primary advantage of this trade?
A. Access to new markets
B. Diversification of products
C. Increased competition
D. Improved quality of goods
Question 7
A bank offers a loan with an interest rate of 12% per annum compounded annually. If the principal amount is ₦10,000, what is the amount after 2 years?
A. ₦12,240
B. ₦12,480
C. ₦12,720
D. ₦13,440
Question 8
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 9
A consumer protection agency has received a complaint about a company's misleading advertising. Which of the following laws is most likely to be relevant?
A. Federal Competition and Consumer Protection Act (FCCPA)
B. National Industrial Policy and Competitiveness Act (NIPCA)
C. Consumer Protection Council Act (CPCA)
D. Standards Organisation of Nigeria (SON) Act
Question 10
A bank is considering a loan application from a small business. Which of the following financial ratios is most likely to be used to assess the business's creditworthiness?
A. Debt-to-Equity Ratio
B. Current Ratio
C. Return on Assets (ROA)
D. Interest Coverage Ratio
Question 11
A warehouse manager wants to determine the optimal storage capacity for a given product. What is the primary factor to consider?
A. Demand for the product
B. Supply chain efficiency
C. Storage costs
D. Product life cycle
Question 12
A company is considering the purchase of a new machine. The machine has a cost of ₦1,500,000 and is expected to last for 5 years. The company expects to save ₦200,000 per year by using the machine. What is the net present value of the machine?
A. ₦1,000,000
B. ₦1,200,000
C. ₦1,500,000
D. ₦2,000,000
Question 13
A consumer purchases a product for ₦5,000 and pays a deposit of ₦1,000. If the product is returned within 30 days, what is the amount of refund due to the consumer?
A. ₦4,000
B. ₦4,500
C. ₦5,000
D. ₦5,500
Question 14
A company has a warehouse with a capacity of 1000 units. The warehouse is currently 75% full. If 150 units are added to the warehouse, what is the new percentage of capacity?
A. 80%
B. 85%
C. 90%
D. 95%
Question 15
In a just-in-time inventory system, what is the primary goal of the warehouse manager?
A. To minimize inventory costs
B. To maximize storage capacity
C. To ensure timely delivery of goods
D. To reduce labor costs

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