POST UTME MADONNA UNIVERSITY 2021 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A company has a warehouse with a capacity to store 1000 units of goods. The warehouse is currently 70% full. If 150 units of goods are received, what is the new percentage of the warehouse that is full?
Question 2
A company is considering the use of a third-party logistics provider to manage its supply chain. Which of the following is a key benefit of outsourcing logistics?
Question 3
A firm's financial statements provide information about its financial performance and position. Which of the following financial statements is NOT a primary financial statement?
Question 4
A company's break-even point is the point at which its total revenue equals its total cost. What is the formula for calculating the break-even point?
Question 5
A firm has a production cost function given by C = 2L + 3H, where C is cost, L is labor, and H is capital. If the firm wants to minimize cost while producing 100 units of output, and labor is fixed at 20 units, how much capital (H) should it invest?
Question 6
A bank offers a 10% interest rate on deposits. If a customer deposits ₦500, how much interest will the customer earn in one year?
Question 7
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's current labor and capital inputs are L = 16 and K = 9, respectively, then the firm's current output level is
Question 8
A company's financial statements show that it has a net worth of ₦5,000,000 and a total debt of ₦3,000,000. What is the company's equity?
Question 9
A firm's marketing mix is a combination of four key elements: product, price, promotion, and place. Which of the following is NOT a type of product?
Question 10
A sole trader is considering the introduction of a new product line. The product has a high demand, but the production costs are also high. The sole trader has estimated that the product will generate a revenue of ₦120,000 per unit, but the production cost per unit is ₦80,000. What is the sole trader's net profit per unit if it produces and sells 1,000 units of the product?
Question 11
A company is considering the introduction of a new product line. The product has a high demand, but the production costs are also high. The company's marketing manager has estimated that the product will generate a revenue of ₦120,000 per unit, but the production cost per unit is ₦80,000. The company's financial manager has estimated that the company's tax rate is 25%. What is the company's net profit per unit if it produces and sells 1,000 units of the product?
Question 12
A company has a fleet of 10 trucks, each with a capacity to carry 500 units of goods. If the company wants to transport 5000 units of goods, what is the minimum number of trips required?
Question 13
A consumer's budget constraint is given by the equation 2x + 3y = 12. If the consumer's current consumption bundle is (x,y) = (2,2), then the consumer's current expenditure is
Question 14
A company has two warehouses, A and B. Warehouse A has a storage capacity of 500 units, and warehouse B has a storage capacity of 300 units. If 200 units are already stored in warehouse A, and 150 units are already stored in warehouse B, what is the maximum number of units that can be added to both warehouses?
Question 15
A warehouse manager is responsible for storing and managing inventory for a company. The manager has estimated that the company's inventory turnover ratio is 4 times per year. The company's average inventory level is ₦1,000,000. What is the company's total annual sales?
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