POST UTME FUTO 2025 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A firm's marketing strategy can be influenced by which of the following?
A. SWOT Analysis
B. PESTEL Analysis
C. Porter's Five Forces
D. Boston Consulting Group (BCG) Matrix
Question 2
In a perfectly competitive market, what is the relationship between the marginal revenue (MR) and the marginal cost (MC) of a firm?
A. MR > MC
B. MR < MC
C. MR = MC
D. MR = MC + 10
Question 3
A company's marketing strategy involves a combination of advertising, sales promotions, and public relations. Which of the following best describes the marketing mix?
A. 4 Ps (Product, Price, Place, Promotion)
B. 3 Cs (Company, Customer, Competitor)
C. SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
D. Boston Consulting Group Matrix (BCG Matrix)
Question 4
A company is considering two different production processes for a new product. Process A has a fixed cost of ₦100,000 and a variable cost of ₦50 per unit. Process B has a fixed cost of ₦150,000 and a variable cost of ₦30 per unit. If the selling price of the product is ₦80 per unit, which process should the company use?
A. Process A
B. Process B
C. Both processes are equally profitable
D. Neither process is profitable
Question 5
A bank is considering two different loan options for a customer. Option A has a fixed interest rate of 10% and a variable interest rate of 5% per annum. Option B has a fixed interest rate of 15% and a variable interest rate of 3% per annum. Which option should the bank offer to the customer?
A. Option A
B. Option B
C. Both options are equally attractive
D. Neither option is attractive
Question 6
A business is considering implementing a just-in-time inventory system. The following benefits may result:
A. Reduced inventory costs, improved customer service, and increased efficiency
B. Improved quality control, reduced waste, and increased productivity
C. Reduced lead times, improved forecasting, and increased flexibility
D. Improved supplier relationships, reduced inventory levels, and increased cash flow
Question 7
A sole trader is considering two different business structures for a new venture. Structure A is a partnership with two partners, and Structure B is a limited company with 10 shareholders. Which structure should the sole trader use?
A. Structure A
B. Structure B
C. Both structures are equally suitable
D. Neither structure is suitable
Question 8
A firm is considering two different advertising strategies. Strategy A costs ₦50,000 and is expected to increase sales by 10%. Strategy B costs ₦100,000 and is expected to increase sales by 20%. Which strategy should the firm use?
A. Strategy A
B. Strategy B
C. Both strategies are equally effective
D. Neither strategy is effective
Question 9
A firm's production process involves a series of steps, including raw material procurement, manufacturing, and packaging. Which of the following best describes the production process?
A. Flow Process Chart (FPC)
B. Gantt Chart
C. Pareto Chart
D. Scatter Plot
Question 10
A business law firm is considering a new contract with a client. The contract includes a clause that requires the client to pay a penalty of ₦100,000 if they fail to meet their obligations. What type of contract is this?
A. Fixed-Price Contract
B. Cost-Plus Contract
C. Penalty-Based Contract
D. Time-and-Materials Contract
Question 11
A company's marketing strategy involves a combination of advertising, sales promotions, and public relations. Which of the following best describes the marketing mix?
A. 4 Ps (Product, Price, Place, Promotion)
B. 3 Cs (Company, Customer, Competitor)
C. SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
D. Boston Consulting Group Matrix (BCG Matrix)
Question 12
A company is considering a new business strategy that involves producing a new product. The product requires a significant investment in research and development, but it has the potential to generate high profits. What type of risk is the company taking on?
A. Market Risk
B. Operational Risk
C. Financial Risk
D. Strategic Risk
Question 13
A firm's revenue function is given by R = 2Q^2 - 5Q + 1, where R is revenue and Q is quantity sold. If the firm wants to increase revenue by 50%, what quantity should it produce?
A. 5
B. 10
C. 15
D. 20
Question 14
A company is considering exporting its products to a foreign market. The following factors may affect its decision:
A. Tariffs, taxes, and transportation costs
B. Currency exchange rates, trade agreements, and cultural differences
C. Market size, competition, and regulatory environment
D. Language barriers, cultural differences, and logistics
Question 15
A business owner has taken out an insurance policy to cover the following risks:
A. Fire, theft, and liability
B. Fire, theft, and business interruption
C. Liability, business interruption, and cybercrime
D. Cybercrime, business interruption, and employee dishonesty

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