POST UTME GREENFIELD UNIVERSITY 2024 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A company is considering exporting its products to the United States. Which of the following would be the most significant challenge the company would face?
A. Cultural differences
B. Language barriers
C. Regulatory differences
D. Currency fluctuations
Question 2
A company has a warehouse with a capacity of 10,000 units. The warehouse is currently 70% full. If 500 units are added to the warehouse, what is the new percentage of capacity?
A. 60%
B. 65%
C. 70%
D. 75%
Question 3
A company has a 10% dividend yield and a current stock price of ₦100. What is the expected dividend per share?
A. ₦10
B. ₦12
C. ₦15
D. ₦20
Question 4
A firm's production process involves the following steps: raw material procurement, manufacturing, quality control, and packaging. Which of the following is an example of a bottleneck in the production process?
A. Raw material procurement
B. Manufacturing
C. Quality control
D. Packaging
Question 5
A company has a production function given by Q = 2L^0.5K^0.5, where Q is the quantity produced, L is the amount of labor used, and K is the amount of capital used. If the company uses 100 units of labor and 200 units of capital, what is the marginal product of capital?
A. 2
B. 4
C. 6
D. 8
Question 6
A company is considering exporting its products to a foreign market. What is the primary factor to consider when evaluating the feasibility of this decision?
A. Market size and growth rate
B. Competitor analysis and market share
C. Trade agreements and tariffs
D. Cultural and language differences
Question 7
A company produces two goods, X and Y, using two inputs, labor and capital. The production function for good X is given by Q_X = 2L^0.5K^0.5, where Q_X is the quantity of good X produced, L is the amount of labor used, and K is the amount of capital used. The production function for good Y is given by Q_Y = 3L^0.2K^0.8. If the company uses 100 units of labor and 200 units of capital, how many units of good X and good Y will be produced?
A. Q_X = 10, Q_Y = 20
B. Q_X = 20, Q_Y = 10
C. Q_X = 15, Q_Y = 25
D. Q_X = 25, Q_Y = 15
Question 8
In a perfectly competitive market, the supply curve is upward-sloping because
A. Firms are risk-averse and want to earn higher profits
B. Firms are willing to supply more at a higher price
C. Firms are willing to supply less at a lower price
D. Firms are willing to supply more at a lower price
Question 9
A company has a foreign trade agreement with a supplier in a foreign country. The agreement involves the exchange of goods worth ₦1,500,000. If the exchange rate is 1 USD = ₦500, what is the value of the goods in USD?
A. ₦1,000,000
B. ₦1,500,000
C. ₦2,000,000
D. ₦3,000,000
Question 10
A consumer has an income of ₦10,000 and faces the following prices for two goods: good X costs ₦2,000 per unit and good Y costs ₦1,500 per unit. The consumer's indifference curves are given by the equation U = 2X^0.5Y^0.5. What is the consumer's optimal bundle of goods X and Y?
A. X = 2, Y = 4
B. X = 4, Y = 2
C. X = 3, Y = 3
D. X = 5, Y = 1
Question 11
A company's marketing strategy involves creating a brand identity that is
A. unique and memorable
B. similar to its competitors
C. based on customer feedback
D. dependent on seasonal trends
Question 12
A consumer has a budget of 100 and is considering purchasing two goods, A and B. The price of good A is 20 and the price of good B is 30. If the consumer's utility function is given by U = 2A + 3B, what is the maximum amount of utility the consumer can achieve?
A. 60
B. 80
C. 100
D. 120
Question 13
A company has a foreign trade agreement with a supplier in a foreign country. The agreement involves the exchange of goods worth ₦1,000,000. If the exchange rate is 1 USD = ₦400, what is the value of the goods in USD?
A. ₦400,000
B. ₦800,000
C. ₦1,200,000
D. ₦2,000,000
Question 14
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm wants to produce 16 units of output, and the price of labor is 10 per unit, and the price of capital is 20 per unit, what is the minimum cost of production?
A. 160
B. 240
C. 320
D. 400
Question 15
A warehouse manager is responsible for maintaining a inventory level of 500 units. If the current inventory level is 300 units, and the daily demand rate is 10 units, what is the reorder point?
A. 250 units
B. 300 units
C. 350 units
D. 400 units

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