POST UTME ESUT 2025 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A company's foreign trade can be affected by:
A. Tariffs and quotas
B. Exchange rates and inflation
C. Government policies and regulations
D. All of the above
Question 2
A company is considering two different distribution channels for its product: a direct sales force and a retail channel. The direct sales force has a fixed cost of ₦200,000 and a variable cost of ₦1,000 per unit, while the retail channel has a fixed cost of ₦100,000 and a variable cost of ₦500 per unit. If the company expects to sell 10,000 units through the direct sales force and 20,000 units through the retail channel, which channel should it choose?
A. The direct sales force
B. The retail channel
C. It depends on the expected response rate of each channel
D. It depends on the expected cost per unit of each channel
Question 3
A risk management strategy can include:
A. Diversification
B. Hedging
C. Speculation
D. All of the above
Question 4
The _______ of a firm refers to the process of acquiring and utilizing resources to produce goods and services.
A. production
B. distribution
C. consumption
D. marketing
Question 5
A _______ is a contract between two or more parties that involves the exchange of goods or services.
A. sale
B. purchase
C. lease
D. rent
Question 6
A firm is considering two different advertising strategies: a print ad campaign and a social media campaign. The print ad campaign has a fixed cost of ₦100,000 and a variable cost of ₦500 per unit, while the social media campaign has a fixed cost of ₦50,000 and a variable cost of ₦200 per unit. If the firm expects to reach 10,000 people with the print ad campaign and 20,000 people with the social media campaign, which campaign should it choose?
A. The print ad campaign
B. The social media campaign
C. It depends on the expected response rate of each campaign
D. It depends on the expected cost per unit of each campaign
Question 7
A sole trader's business is considered a separate legal entity from its owner. However, in the event of a lawsuit, the owner's personal assets may be at risk. What is the name of this legal concept?
A. Separate Legal Entity
B. Limited Liability
C. Personal Liability
D. Joint Liability
Question 8
The _______ of a firm refers to the process of creating and communicating value to customers.
A. production
B. distribution
C. consumption
D. marketing
Question 9
A company's liability under the Transport Act can be limited by:
A. Negotiating with the transport company
B. Providing a warranty
C. Limiting liability in the contract
D. Paying a fine
Question 10
A firm's cost function is given by C(x) = 2x^2 + 10x + 5, where x is the number of units produced. If the firm wants to minimize its cost, how many units should it produce?
A. 5
B. 10
C. 15
D. 20
Question 11
A company's liability under the Consumer Protection Act can be limited by:
A. Negotiating with the consumer
B. Providing a warranty
C. Limiting liability in the contract
D. Paying a fine
Question 12
A company's marketing strategy involves creating a social media campaign to promote its new product. What is the primary goal of this campaign?
A. To increase brand awareness
B. To generate leads and sales
C. To build customer loyalty
D. To create a buzz around the product
Question 13
In a warehouse, the inventory turnover ratio is calculated as:
A. \frac{Cost of Goods Sold}{Average Inventory}
B. \frac{Average Inventory}{Cost of Goods Sold}
C. \frac{Cost of Goods Sold}{Sales}
D. \frac{Sales}{Cost of Goods Sold}
Question 14
A company's liability under the Consumer Protection Act can be limited by:
A. Negotiating with the consumer
B. Providing a warranty
C. Limiting liability in the contract
D. Paying a fine
Question 15
The _______ of a firm refers to the process of acquiring and utilizing resources to produce goods and services.
A. production
B. distribution
C. consumption
D. marketing

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