POST UTME EKSU 2023 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A company's marketing strategy involves creating a perceived value for its products through advertising and branding. This approach is an example of which of the following?
A. Product differentiation
B. Market segmentation
C. Positioning
D. Branding
Question 2
A company's foreign trade involves exporting goods to a country with a different currency. Which of the following is a key consideration?
A. Exchange rate fluctuations
B. Tariff and non-tariff barriers
C. Cultural and language differences
D. Transportation costs
Question 3
A bank's customer has deposited ₦100,000 into their account. The bank has a policy of paying interest on deposits. What is the minimum interest that the bank must pay on this deposit?
A. ₦1,000
B. ₦5,000
C. ₦10,000
D. ₦20,000
Question 4
A consumer has the right to request a refund or replacement for a defective product under the Consumer Protection Act. Which of the following is a condition for making such a request?
A. The product must be within its warranty period
B. The consumer must have purchased the product from the manufacturer
C. The product must be defective due to a manufacturing fault
D. The consumer must have used the product for its intended purpose
Question 5
A company is considering the introduction of a new product line. The product line will require an initial investment of ₦500 million and will generate annual revenues of ₦1.2 billion for the next 5 years. The company's cost of capital is 10% per annum. What is the payback period of the product line?
A. 2 years
B. 3 years
C. 4 years
D. 5 years
Question 6
A company's stock control system uses a first-in-first-out (FIFO) inventory method. If the company has 100 units of a product in stock, and 20 units are sold, what is the new quantity of the product in stock?
A. 80
B. 90
C. 100
D. 120
Question 7
A company's marketing strategy involves a mix of advertising, sales promotions, and public relations. Which of the following is a key benefit of using a mix of these strategies?
A. Increased brand awareness
B. Improved customer loyalty
C. Enhanced product differentiation
D. Better market share
Question 8
A consumer protection law requires businesses to provide clear and accurate information about their products. What is the primary purpose of this law?
A. To protect consumers from false advertising
B. To ensure that businesses comply with product safety standards
C. To promote fair competition among businesses
D. To regulate business practices
Question 9
A company's Memorandum of Association (MOA) is a document that outlines the company's constitution and rules. What is the primary purpose of the MOA?
A. To outline the company's business objectives
B. To define the company's share capital
C. To outline the company's constitution and rules
D. To appoint the company's directors
Question 10
A company is considering the introduction of a new product line. The product line will require an initial investment of ₦500 million and will generate annual revenues of ₦1.2 billion for the next 5 years. The company's cost of capital is 10% per annum. What is the net present value (NPV) of the product line?
A. ₦2.5 billion
B. ₦3.5 billion
C. ₦4.5 billion
D. ₦5.5 billion
Question 11
A firm is considering the introduction of a new product. The product will require an initial investment of ₦400 million and will generate annual revenues of ₦1.1 billion for the next 3 years. The firm's cost of capital is 12% per annum. What is the net present value (NPV) of the product?
A. ₦2.5 billion
B. ₦3.5 billion
C. ₦4.5 billion
D. ₦5.5 billion
Question 12
A business organization is considering the use of electronic data interchange (EDI) to improve its supply chain management. What is the primary benefit of EDI?
A. Improved communication between trading partners
B. Increased efficiency in data processing
C. Reduced costs associated with paper-based transactions
D. Enhanced security of data transmission
Question 13
A company is considering two different marketing strategies: one that targets a niche market and another that targets a mass market. Which strategy would be more suitable for a company that has a limited budget?
A. The strategy that targets a niche market.
B. The strategy that targets a mass market.
C. Both strategies are equally suitable.
D. Neither strategy is suitable.
Question 14
A company is considering outsourcing its logistics operations to a third-party provider. What is the primary benefit of outsourcing logistics?
A. Reduced transportation costs
B. Improved delivery times
C. Enhanced supply chain visibility
D. Increased flexibility
Question 15
A sole trader's business is affected by the economic downturn. Which of the following is a likely consequence?
A. Increased revenue
B. Improved cash flow
C. Reduced profitability
D. Enhanced market share

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