POST UTME IMS U 2020 Commerce | Objective
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Question 1
A company is considering two marketing strategies: Strategy A, which costs ₦1,000,000 and is expected to generate ₦1,500,000 in revenue, and Strategy B, which costs ₦500,000 and is expected to generate ₦750,000 in revenue. Which strategy has a higher return on investment (ROI)?
Question 2
A marketing manager wants to increase sales by 20% within the next quarter. If the current sales are ₦2,000,000, what is the target sales figure?
Question 3
A firm's risk management strategy involves the use of insurance to mitigate potential losses. Which of the following is a key characteristic of insurance?
Question 4
A company's sole trader has a business that specializes in providing courier services. The sole trader has a fleet of 15 vehicles, each with a capacity of 2 tons. The company charges a flat rate of ₦50,000 per delivery, regardless of the distance. However, the company also offers a discount of 10% for deliveries that are made within a 50km radius. If the company makes 20 deliveries within the 50km radius and 10 deliveries outside the 50km radius, what is the total revenue generated by the company?
Question 5
A company's sole trader has a business income of ₦1,500,000 and expenses of ₦800,000. What is the profit before tax?
Question 6
A company's insurance policy has a deductible of ₦50,000. If the company's annual premium is ₦1,200,000, and it pays ₦800,000 in claims, what is the company's expected loss ratio?
Question 7
A sole trader has a business income of ₦1,200,000 and expenses of ₦600,000. What is the profit before tax?
Question 8
A company's transportation costs are ₦500,000 per month. If the company's revenue is ₦2,000,000 per month, and the company uses a transportation mode that has a variable cost of ₦100 per unit and a fixed cost of ₦50,000, what is the company's marginal cost?
Question 9
A warehouse has a storage capacity of 10,000 units. If the warehouse is currently 75% full, and 500 units are added to the warehouse every day, how many days will it take to fill the warehouse to capacity?
Question 10
A bank's financial statements are audited annually to ensure that they are presented fairly and in accordance with accounting standards. Which of the following is a key benefit of this audit?
Question 11
A firm's decision to invest in a new project is influenced by the opportunity cost of the resources required for the project. Which of the following is an example of an opportunity cost?
Question 12
A bank is considering introducing a new credit card product. The product will have a 20% annual interest rate and a 2% annual fee. If the customer makes a payment of ₦10,000, how much will they owe after one year?
Question 13
A firm's marketing strategy involves the use of a combination of the product, price, place, and promotion variables. Which of the following is NOT a characteristic of a product variable?
Question 14
A company is considering investing in a new marketing campaign. The company's current marketing budget is ₦500,000 per month. The new campaign will cost ₦750,000 per month. However, the company expects to increase sales by 20% as a result of the campaign. What is the return on investment (ROI) for the company?
Question 15
A company's marketing strategy involves creating a sense of urgency among its customers. This is an example of which of the following marketing tactics?
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