POST UTME DELSU 2025 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
In a perfectly competitive market, the law of supply states that as the price of a good increases, the quantity supplied will
A. increase
B. decrease
C. remain constant
D. shift to the left
Question 2
A bank offers a loan of ₦500,000 to a customer at an interest rate of 12% per annum. If the customer repays the loan in 5 years, how much will the customer pay in total?
A. ₦625,000
B. ₦650,000
C. ₦675,000
D. ₦700,000
Question 3
A company is considering two different insurance policies for its employees. Policy A has a premium of ₦15,000 per employee per year, while Policy B has a premium of ₦7,500 per employee per year, but requires a deductible of ₦30,000 per claim. If the company has 100 employees and expects to file 5 claims per year, what is the total cost of insurance for the company, assuming both policies have the same annual fixed costs?
A. ₦1,500,000
B. ₦1,000,000
C. ₦750,000
D. ₦500,000
Question 4
A company uses a just-in-time inventory system. If the company's supplier is unable to deliver goods on time, what is the likely outcome?
A. The company will experience a shortage of inventory.
B. The company will experience an overstock of inventory.
C. The company will experience no impact on inventory levels.
D. The company will experience an increase in inventory costs.
Question 5
A firm is considering two different transportation options for its products. Option A involves a one-time payment of ₦200,000 for a truck that can carry 10,000 units per month, while Option B involves a monthly payment of ₦10,000 for a van that can carry 2,000 units per month. If the firm expects to sell 10,000 units per month, and each unit sells for ₦2,500, what is the minimum number of months the firm must operate to break even, assuming both options have the same monthly fixed costs?
A. 2 months
B. 4 months
C. 6 months
D. 8 months
Question 6
A firm's demand function is given by Q = 100 - 2P. If the price of the good is ₦50, how many units will the firm sell?
A. 20
B. 30
C. 40
D. 50
Question 7
The concept of comparative advantage in international trade suggests that countries should specialize in producing goods for which they have a lower opportunity cost. Which of the following countries is likely to specialize in producing textiles?
A. Country A, which has a lower opportunity cost of producing textiles
B. Country B, which has a higher opportunity cost of producing textiles
C. Country C, which has a similar opportunity cost of producing textiles
D. Country D, which has a lower opportunity cost of producing electronics
Question 8
A company is considering two different marketing strategies for its new product. Strategy A involves a one-time payment of ₦500,000 for a 30-second commercial during a popular TV show, while Strategy B involves a monthly payment of ₦20,000 for a series of 10 commercials on social media. If the company expects to sell 5,000 units of the product per month, and each unit sells for ₦2,500, what is the minimum number of months the company must operate to break even, assuming both strategies have the same monthly fixed costs?
A. 3 months
B. 6 months
C. 9 months
D. 12 months
Question 9
A company has a warehouse with a capacity to store 1000 units of goods. If the company receives an order for 800 units of goods, what is the probability that the warehouse will be full?
A. 0.8
B. 0.6
C. 0.4
D. 0.2
Question 10
A sole trader has a profit of ₦200,000 and a loss of ₦50,000 in two consecutive years. What is the net profit?
A. ₦150,000
B. ₦200,000
C. ₦250,000
D. ₦300,000
Question 11
In a sole proprietorship, the owner's personal assets are not protected from business liabilities. What is the primary reason for this?
A. The business is not registered as a separate entity.
B. The owner has not obtained necessary licenses.
C. The owner's personal assets are not separated from business assets.
D. The business is not insured against liabilities.
Question 12
A company is sued for violating the Consumer Protection Act. The company's defense is that the consumer failed to read the fine print on the contract. However, the consumer claims that the print was too small to read. Which of the following is the most likely outcome?
A. The court will rule in favor of the company.
B. The court will rule in favor of the consumer.
C. The case will be dismissed due to lack of evidence.
D. The case will be referred to an alternative dispute resolution body.
Question 13
In a sole trade business, what is the primary advantage of using a cash basis of accounting?
A. Improved cash flow management
B. Enhanced financial reporting
C. Simplified tax compliance
D. Increased profitability
Question 14
A firm's production function is given by Q = 2L^0.5K^0.5, where Q is the quantity produced, L is labor, and K is capital. If the firm wants to produce 100 units of output, how much labor should it hire if it has 4 units of capital?
A. 10 units of labor
B. 20 units of labor
C. 30 units of labor
D. 40 units of labor
Question 15
A company has a budget constraint of ₦100,000 to spend on advertising and marketing. If the price of advertising is ₦50 per unit, and the price of marketing is ₦75 per unit, and the company wants to spend at least ₦20,000 on advertising, how much will it spend on marketing?
A. ₦30,000
B. ₦35,000
C. ₦40,000
D. ₦45,000

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