POST UTME IMS U 2019 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A firm is considering two different marketing strategies for its new product. Strategy A involves a high level of advertising and promotion, while Strategy B involves a lower level of advertising and promotion. Which of the following marketing metrics would be most useful in evaluating the effectiveness of Strategy A?
Question 2
A transport company offers a 10% discount on a 1-year subscription to its logistics services. If a customer pays ₦10,000 for the subscription, how much will the customer pay after the discount?
Question 3
A company's insurance policy has a deductible of ₦5000. If it pays ₦15000 for a claim, what is the amount paid by the insurance company?
Question 4
A warehouse has a storage capacity of 10,000 units. The warehouse is currently 70% full, and the manager wants to add 5,000 new units to the inventory. What is the new storage capacity of the warehouse?
Question 5
A company is considering two different production methods for its new product. Method A involves a higher initial investment but lower production costs, while Method B involves a lower initial investment but higher production costs. If the company expects to produce 10,000 units per year for 5 years, and the market price of the product is ₦200 per unit, which method should the company choose?
Question 6
A company's sole trader is considering expanding its business to include a new product line. The new product line has a higher profit margin, but it also requires a significant investment in new equipment and training. Which of the following financial ratios would be most useful in determining whether the company should invest in the new product line?
Question 7
A consumer purchases a product with a price of ₦5,000. If the product is subject to a 10% discount, what is the amount of the discount?
Question 8
A company's production function is given by the Cobb-Douglas production function: Q = 10L^0.4K^0.6, where Q is the output, L is labor, and K is capital. If the company wants to increase its output by 20% while keeping labor constant, what percentage increase in capital is required?
Question 9
A sole trader business has a turnover of ₦2,000,000 and a profit of ₦300,000. What is the business's profit margin?
Question 10
A firm is considering two production processes. Process A requires an initial investment of ₦100,000 and generates a profit of ₦20,000 per year. Process B requires an initial investment of ₦150,000 and generates a profit of ₦30,000 per year. Which process has a higher net present value (NPV) if the discount rate is 10%?
Question 11
A company is considering whether to invest in a new logistics system to improve its supply chain efficiency. The new system would require a significant upfront investment, but it would also reduce the company's transportation costs and improve its delivery times. Which of the following financial metrics would be most useful in evaluating the potential return on investment (ROI) of the new logistics system?
Question 12
A company's sole trader has a warehouse with a capacity of 5000 units. If the company sells 3000 units in a quarter, what is the percentage of the warehouse's capacity used?
Question 13
A company's profit is calculated as revenue minus cost of goods sold. If the company's revenue is ₦1,000,000 and cost of goods sold is ₦800,000, what is the company's profit?
Question 14
A firm's financial statements show that its total assets increased by 15% in the last year. If its total liabilities increased by 12% during the same period, what is the percentage increase in its equity?
Question 15
A company is considering two different insurance policies for its employees. Policy A involves a higher premium but a higher payout in case of an accident, while Policy B involves a lower premium but a lower payout in case of an accident. If the company expects to have 10 employees working for 5 years, and the average cost of an accident is ₦50,000, which policy should the company choose?
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.
Unlock Full Access
Available for Android & Windows