POST UTME IMS U 2025 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A bank's interest rate is given by the equation ( r = 5 + 0.03A , where r is the interest rate and A is the amount borrowed. If the bank borrows 1500 units, what is the interest rate?
Question 2
A company's sole trader, Mr. A, has a warehouse with a capacity of 10,000 units. He receives an order for 8,000 units. If the demand for the product is normally distributed with a mean of 9,000 units and a standard deviation of 1,500 units, what is the probability that the demand will exceed the capacity of the warehouse?
Question 3
In a just-in-time (JIT) inventory system, what is the primary goal of the reorder point?
Question 4
A bank's interest rate is given by the equation ( r = 5 + 0.02A , where r is the interest rate and A is the amount borrowed. If the bank borrows 1000 units, what is the interest rate?
Question 5
A company may use various communication channels to interact with its customers. Which channel is most effective for building brand loyalty?
Question 6
A company's supply function is given by the equation ( Q = 50 + 3P , where Q is the quantity supplied and P is the price. If the price is 15 units, what is the quantity supplied?
Question 7
A business may use various modes of transportation to deliver its products. Which mode of transportation is most suitable for transporting perishable goods over long distances?
Question 8
A company's profit function is given by the equation ( \pi = 120x - 30x^2 - 10y^2 , where x is the number of units produced and y is the number of units sold. If the company produces 25 units and sells 20 units, what is the maximum profit?
Question 9
A logistics company uses a transportation mode selection model to determine the most cost-effective mode of transportation for a shipment. Using the concept of transportation costs, calculate the total transportation cost if the cost of trucking is ₦50,000, the cost of rail is ₦30,000, and the cost of air freight is ₦100,000. The shipment is 500 kg and the distance is 1,000 km.
Question 10
A warehouse management system uses a storage location assignment model to determine the most efficient storage location for a product. Using the concept of storage costs, calculate the storage cost if the cost of storage per unit is ₦10,000 and the product is stored for 6 months.
Question 11
A bank offers a 5-year fixed deposit account with a 12% annual interest rate. If a customer deposits ₦500,000, how much will they receive at the end of the term, assuming compound interest?
Question 12
A firm's production function is given by the equation ( Q = 2L^2 + 3K^2 ), where Q is the quantity produced, L is the number of labor units, and K is the number of capital units. If the firm has 4 labor units and 3 capital units, what is the maximum quantity that can be produced?
Question 13
A firm's production function is given by the equation ( Q = 2L^2 + 3K^2 , where Q is the quantity produced, L is the number of labor units, and K is the number of capital units. If the firm has 5 labor units and 4 capital units, what is the quantity produced?
Question 14
A bank offers a 5-year fixed deposit account with an interest rate of 8% per annum compounded annually. If a customer deposits ₦100,000, what is the future value of the investment after 5 years?
Question 15
A business may use various financial instruments to manage its cash flow. Which instrument is most suitable for short-term financing?
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