POST UTME KSU 2025 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A company's marketing strategy involves creating a sense of urgency among potential customers to increase sales. This tactic is an example of which of the following?
Question 2
A consumer protection agency receives a complaint from a customer who was sold a defective product. The agency's primary responsibility is to?
Question 3
A company transports goods from Lagos to Abuja using a combination of road and rail transport. The total distance traveled by the goods is approximately?
Question 4
Under the Consumer Protection Act, what is the primary responsibility of a consumer in a dispute with a supplier?
Question 5
A company is considering exporting its products to a foreign market. What is the primary advantage of exporting products?
Question 6
A company's financial statements are prepared using the accrual accounting method. Which of the following accounts would be affected by the accrual accounting method?
Question 7
A bank offers a loan to a customer at an interest rate of 12% per annum. The customer repays the loan in equal installments over a period of 5 years. The total interest paid by the customer over the 5-year period is approximately?
Question 8
A company issues a promissory note to a bank with a face value of ₦100,000. If the interest rate is 10% per annum, compounded annually, what is the amount due after 2 years?
Question 9
A firm's profit function is given by ( pi = 100p^2 - 200 - 10Q ), where ( pi ) is profit, ( p ) is price, and ( Q ) is output. If the firm increases price by 10% and output by 20%, what is the percentage change in profit?
Question 10
A firm's marketing strategy involves a mix of advertising and personal selling. If the advertising budget is ₦1,000,000 and the personal selling budget is ₦500,000, what is the total marketing budget?
Question 11
A firm specializes in producing a single product, and its production function is given by the equation ( Q = 100L^0.5K^0.25 ), where Q is the quantity produced, L is labor, and K is capital. If the firm wants to produce 400 units of the product, and it has 16 units of labor and 25 units of capital, what is the minimum amount of capital it needs to produce 400 units?
Question 12
A company wants to import goods from a foreign country. The company has the following information: the cost of the goods is 10,000, the shipping cost is 2,000, and the customs duty is 10% of the cost of the goods. What is the total cost of importing the goods?
Question 13
A company has a production cost function given by ( C = 200 + 10Q ), where ( C ) is cost and ( Q ) is output. If the company produces 100 units, what is the total cost?
Question 14
A company's financial statements are prepared using the accrual accounting method. Which of the following accounts would be affected by the accrual accounting method?
Question 15
A company uses the Economic Order Quantity (EOQ) model to determine its optimal inventory level. The EOQ model is given by the formula: EOQ = √(2DS/C), where D is the annual demand, S is the ordering cost, and C is the holding cost. If the annual demand is 10,000 units, the ordering cost is ₦500, and the holding cost is ₦20 per unit, what is the optimal inventory level?
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