POST UTME GREENFIELD UNIVERSITY 2020 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A company's insurance policy has a premium of ₦50,000 per year. If the company has a 10% discount for paying annually, what is the total premium paid for 5 years?
Question 2
A company has a 10% discount policy for customers who pay within 30 days. If a customer pays ₦1000 within 30 days, how much does the customer pay?
Question 3
A company's financial statements show a net income of ₦1,000,000 and a total assets of ₦5,000,000. What is the company's return on assets (ROA) percentage?
Question 4
A firm is considering the acquisition of a new company. The target company has a strong brand reputation and a loyal customer base. What is the primary benefit of this acquisition?
Question 5
A firm is considering exporting its product to a foreign market. The firm's current price is ₦100 per unit, and the exchange rate is 1 USD = 400 NGN. If the firm expects to sell 5,000 units in the foreign market, what is the total revenue in USD?
Question 6
A foreign trade agreement involves exchanging 100 units of currency A for 120 units of currency B. If a person has 500 units of currency A, how many units of currency B can they exchange for?
Question 7
A company is considering the implementation of a new marketing strategy. The strategy involves creating a new product line that targets a specific demographic. Which of the following marketing research methods would be most appropriate for this strategy?
Question 8
A company's insurance policy has a deductible of ₦10,000. If the company suffers a loss of ₦50,000, how much will it pay in premiums?
Question 9
A company is considering two different warehouse locations to store its inventory. Location A has a rental cost of ₦50,000 per month and is located near the company's production facility. Location B has a rental cost of ₦75,000 per month and is located near the company's distribution center. If the company expects to store 10,000 units of inventory, which location should it choose?
Question 10
A company's accounts receivable balance increased by ₦200 million in the past quarter. If the company's beginning accounts receivable balance was ₦500 million, what is its ending accounts receivable balance?
Question 11
A company has a 20% markup policy for all products. If a product costs ₦1000, what is the selling price?
Question 12
A bank's return on equity (ROE) is calculated as net income divided by total equity. If a bank has a net income of ₦150 million and total equity of ₦1.5 billion, what is its ROE?
Question 13
A warehouse has a storage capacity of 10,000 square meters. If the warehouse is currently 75% occupied, how many more square meters can be occupied?
Question 14
In a consumer protection case, a court may award damages to a consumer for breach of contract. However, the court may also consider the following factors in determining the amount of damages:
Question 15
A company's insurance policy has a deductible of ₦50,000 and a maximum payout of ₦200,000. If the company incurs a loss of ₦300,000, what is the maximum amount the insurance company will pay?
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