POST UTME MADONNA UNIVERSITY 2025 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A company is considering exporting its products to a foreign market. The company has a high level of expertise in the product and a low level of expertise in the foreign market. Which of the following strategies would be most appropriate for the company?
Question 2
A company's marketing strategy involves creating a new product line to appeal to a younger demographic. However, the product line is not successful, and the company incurs a significant loss. Which of the following marketing strategies is most likely to be responsible for this failure?
Question 3
A company is considering exporting its products to a foreign market. The company has a high level of expertise in the product and a low level of expertise in the foreign market. Which of the following strategies would be most appropriate for the company?
Question 4
A company exports goods to a foreign country. Which of the following is a type of foreign trade?
Question 5
A company's Memorandum of Association is a document that contains the company's
Question 6
A bank's cash reserve ratio is 10%. If the bank has a cash reserve of ₦1,000,000, what is the maximum amount of loans it can give out?
Question 7
A company uses a Just-In-Time (JIT) inventory management system to track stock levels. Which of the following is a benefit of using this method?
Question 8
A company's marketing strategy involves creating a new product line. What is the primary goal of this strategy?
Question 9
A firm is considering two investment projects, A and B. Project A has a 5-year payback period and an internal rate of return (IRR) of 15%. Project B has a 3-year payback period and an IRR of 20%. Which project should the firm choose?
Question 10
A bank offers a loan to a customer at an interest rate of 12% per annum. The loan is repayable in 5 years. What is the total interest paid by the customer over the 5-year period?
Question 11
A firm is considering exporting its product to a foreign market. The firm's export price is 100 per unit, and the foreign market demand is given by the equation: Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm wants to sell 50 units of the product in the foreign market, what price should it charge?
Question 12
A foreign trade agreement between two countries involves the exchange of goods and services. However, one of the countries is not fulfilling its obligations under the agreement. What is the most likely consequence of this situation?
Question 13
A company produces two products, X and Y, using two machines, A and B. The production process for product X requires 2 hours on machine A and 3 hours on machine B. The production process for product Y requires 3 hours on machine A and 2 hours on machine B. If the company has 12 hours of machine A time and 15 hours of machine B time available, how many units of product X and product Y can be produced?
Question 14
A firm specializes in producing a single product, which is a type of commodity. The firm's production function is given by the equation: Q = 2L^0.5 * K^0.5, where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm wants to produce 100 units of the commodity, and it has 16 units of labor and 25 units of capital available, how many units of labor should it hire?
Question 15
A bank's balance sheet shows a significant increase in its cash reserves. However, the bank's assets have decreased, and its liabilities have increased. What is the most likely explanation for this situation?
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