POST UTME JOSEPH AYO BABALOLA UNIVERSITY 2025 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A company is considering using a just-in-time inventory system. Which of the following is a key benefit of this system?
Question 2
A firm's profit is calculated as the difference between its
Question 3
A consumer's indifference curve is given by U = 2x + 3y, where U is utility and x and y are quantities of goods x and y. If the consumer's income increases by 20%, how will the indifference curve shift?
Question 4
A company's financial statements show a net profit of ₦2,000,000. If the company's tax rate is 25%, what is the amount of tax payable?
Question 5
A firm's break-even point is the point at which its total revenue equals its total fixed costs. If the firm's total fixed costs are ₦100,000 and its selling price is ₦500, and its variable cost per unit is ₦200, how many units must it sell to break even?
Question 6
A company's break-even point is the point at which its total revenue equals its total fixed costs. If the firm's total fixed costs are ₦150,000 and its selling price is ₦600, and its variable cost per unit is ₦250, how many units must it sell to break even?
Question 7
A firm's production function is given by Q = 2L^0.5 * K^0.5, where Q is output, L is labor, and K is capital. If the firm wants to increase its output by 20% while keeping labor constant, how much should it increase its capital?
Question 8
A company has the following data on its production costs and revenues per unit:
Question 9
A firm is considering investing in a new production technology. Which of the following is a key benefit of this technology?
Question 10
A firm's production function is given by Q = 2L^0.5 * K^0.5, where Q is output, L is labor, and K is capital. If the firm wants to increase its output by 20% while keeping labor constant, how much should it increase its capital?
Question 11
A firm is considering the purchase of a new machine that costs ₦8 million. The machine is expected to generate annual savings of ₦2 million for the next 6 years. If the firm's cost of capital is 18% per annum, what is the payback period of the investment?
Question 12
A company is considering the introduction of a new product line. The product requires an initial investment of ₦3 million and has a projected annual profit of ₦4 million. If the company's cost of capital is 15% per annum, what is the payback period of the investment?
Question 13
A company is considering the introduction of a new product line. The product will be manufactured in a foreign country and sold in Nigeria. What type of business unit is this?
Question 14
A company is considering the introduction of a new product line. The product requires an initial investment of ₦1.5 million and has a projected annual profit of ₦2.5 million. If the company's cost of capital is 10% per annum, what is the internal rate of return (IRR) on the investment?
Question 15
A consumer purchases a product with a price tag of ₦1,500. If the consumer pays with a ₦5,000 note, what is the change due to the consumer?
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