POST UTME FUTO 2021 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. If the company's average daily sales are 200 units, and the stock level is currently at 50% capacity, what is the minimum number of days the company can maintain its current sales rate without running out of stock?
Question 2
A company uses a transportation mode that involves the movement of goods by land, sea, and air. What type of transportation mode is this?
Question 3
A company is considering investing in a new transportation system that involves using drones to transport goods. The company is concerned about the potential risks associated with this new technology, including the risk of accidents and the risk of regulatory changes. Which of the following is the most appropriate risk management strategy for the company?
Question 4
A company's profit function is given by P(x) = R(x) - C(x), where R(x) is the revenue function and C(x) is the cost function. If the revenue function is R(x) = 2x^2 + 5x - 3 and the cost function is C(x) = 3x^2 - 2x + 1, what is the profit when x = 5?
Question 5
A consumer purchases a product online and receives a defective item. The consumer contacts the company's customer service department and is told that the company's return policy requires the consumer to pay for return shipping. However, the consumer believes that the company's return policy is unfair and is seeking a refund. Which of the following is the most appropriate course of action for the consumer?
Question 6
A company's sole trader has a warehouse with a capacity of 10,000 units. If the company's average daily sales are 200 units, and the stock level is currently at 50% capacity, what is the minimum number of days the company can maintain its current sales rate without running out of stock?
Question 7
A company uses a marketing strategy that focuses on creating a sense of urgency among customers to make a purchase. What type of marketing strategy is this?
Question 8
A bank offers a loan with an interest rate of 10% per annum compounded annually. If the principal amount is ₦10,000, what is the amount after 2 years?
Question 9
A company has a warehouse with a capacity of 10,000 units. If the company's average daily sales are 200 units, and the stock level is currently at 50% capacity, what is the minimum number of days the company can maintain its current sales rate without running out of stock?
Question 10
A company is considering using a new mode of transportation to reduce its logistics costs. Which of the following modes of transportation is likely to be the most cost-effective?
Question 11
In a perfectly competitive market, the demand curve for a firm's product is its
Question 12
A firm's cost function is given by C(x) = 3x^2 - 2x + 1, where x is the number of units produced. If the firm produces 5 units, what is the cost?
Question 13
A company has a warehouse with a capacity of 10,000 units. If the company's average daily sales are 200 units, and the stock level is currently at 50% capacity, what is the minimum number of days the company can maintain its current sales rate without running out of stock?
Question 14
A consumer purchases a life insurance policy and pays premiums for several years. However, the consumer dies before the policy matures and the insurance company refuses to pay the death benefit. The consumer's estate sues the insurance company for breach of contract. Which of the following is the most likely outcome of the lawsuit?
Question 15
A firm's cost function is given by C(x) = 50 + 2x^2, where x is the number of units produced. If the firm produces 5 units, what is the total cost?
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