POST UTME DELSU 2020 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 receives an order for 5,000 units and has a current stock of 8,000 units. What is the new stock level after fulfilling the order?
A. 3,000 units
B. 5,000 units
C. 8,000 units
D. 10,000 units
Question 2
A firm's marketing strategy involves a 20% discount on all products sold during a promotional period. If a product originally costs ₦500, what is the selling price during the promotional period?
A. ₦400
B. ₦450
C. ₦500
D. ₦550
Question 3
A consumer has a utility function given by U = 2X + 3Y. If the prices of X and Y are ₦2,000 and ₦3,000 respectively, and the consumer has a budget of ₦10,000, what is the maximum amount of utility she can achieve?
A. ₦6,000
B. ₦7,000
C. ₦8,000
D. ₦9,000
Question 4
A consumer protection agency has received complaints about a company's misleading advertising practices. The agency has gathered evidence of the company's actions and is considering taking legal action. Which of the following is the most appropriate legal remedy for the agency?
A. Injunction
B. Cease and desist order
C. Monetary damages
D. Class action lawsuit
Question 5
A company is considering the introduction of a new product line. The product requires a significant investment in research and development, but it is expected to generate substantial revenue. The company's management is divided on whether to proceed with the new product line. Which of the following is the most appropriate decision-making criterion for the company?
A. Net present value (NPV)
B. Internal rate of return (IRR)
C. Payback period
D. Sensitivity analysis
Question 6
A foreign trade agreement between two countries involves the exchange of goods worth ₦100 million for goods worth 50 million. If the exchange rate is 1 USD = ₦200, what is the value of the goods received by each country in terms of their respective currencies?
A. ₦100 million for ₦50 million
B. ₦50 million for ₦100 million
C. 50 million for ₦100 million
D. 100 million for ₦50 million
Question 7
A company's marketing strategy involves creating a sense of urgency among its customers. This is an example of which of the following marketing tactics?
A. Scarcity
B. Exclusivity
C. Social Proof
D. Sense of Urgency
Question 8
A company's memorandum of association is a document that outlines the company's constitution and the rights and duties of its members. Discuss the importance of this document in the context of company law.
A. It outlines the company's objectives and powers
B. It outlines the company's constitution and the rights and duties of its members
C. It outlines the company's management structure and decision-making processes
D. It outlines the company's financial structure and funding arrangements
Question 9
A warehouse is a facility used for storing goods and merchandise. Discuss the importance of warehouse management in the context of supply chain management.
A. It ensures that goods are stored safely and securely
B. It ensures that goods are stored efficiently and effectively
C. It ensures that goods are stored in a way that minimizes damage and deterioration
D. All of the above
Question 10
A company's financial statements are prepared in accordance with the Generally Accepted Accounting Principles (GAAP). What is the primary purpose of GAAP?
A. To provide a framework for financial reporting
B. To ensure compliance with tax laws
C. To provide a basis for auditing financial statements
D. To provide a basis for financial analysis
Question 11
A company is considering two different production methods for its new product. Method A involves an initial investment of ₦1,500,000 and a variable cost of ₦500 per unit. Method B involves an initial investment of ₦2,000,000 and 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 method?
A. 1,000 units
B. 1,500 units
C. 2,000 units
D. 2,500 units
Question 12
A bank wants to calculate the interest on a loan of ₦500,000 for 2 years at an interest rate of 10% per annum. If the interest is compounded annually, what is the total amount to be paid after 2 years?
A. ₦550,000
B. ₦560,000
C. ₦570,000
D. ₦580,000
Question 13
A firm is considering two different advertising strategies. Strategy A involves a one-time payment of ₦500,000 and a monthly cost of ₦50,000. Strategy B involves a one-time payment of ₦750,000 and a monthly cost of ₦30,000. If the firm expects to sell 10,000 units per month, what is the total cost of each strategy over a period of 6 months?
A. ₦1,200,000
B. ₦1,500,000
C. ₦1,800,000
D. ₦2,000,000
Question 14
A company's marketing strategy involves creating a brand identity that differentiates it from competitors. Which of the following is a characteristic of a brand identity?
A. It is a statement that highlights the product's features and benefits
B. It is a statement that emphasizes the product's price
C. It is a statement that focuses on the product's quality
D. It is a statement that compares the product to a competitor's product
Question 15
A company has a warehouse with a capacity to store 5000 crates. If the company receives 3000 crates of goods and wants to store them in a way that maximizes storage space, what is the minimum number of shelves needed?
A. 10
B. 12
C. 15
D. 18

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