POST UTME MOUNTAIN TOP UNIVERSITY 2018 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A company has a 10% dividend yield on its shares. If the current market price of the shares is ₦100, what is the expected dividend payment per share?
A. ₦10
B. ₦12
C. ₦15
D. ₦20
Question 2
A company's articles of association may be altered by a special resolution passed at a general meeting of the company. What is the minimum percentage of shareholders required to pass this resolution?
A. 50%
B. 75%
C. 90%
D. 95%
Question 3
A consumer protection agency receives a complaint about a company's misleading advertisement. The agency's lawyer must determine whether the advertisement is in breach of the Consumer Protection Act. What is the legal principle that the lawyer should apply?
A. The principle of caveat emptor
B. The principle of strict liability
C. The principle of misrepresentation
D. The principle of unconscionability
Question 4
A firm's cost function is given by C = 100 + 2Q + 0.01Q^2. If the firm produces 100 units of output, what is the total cost?
A. 1200
B. 1300
C. 1400
D. 1500
Question 5
A firm has the following inventory levels: 100 units of raw materials, 50 units of work-in-progress, and 200 units of finished goods. What is the total inventory level?
A. 350
B. 450
C. 550
D. 650
Question 6
A company's risk manager must determine the probability of a product recall. If the probability of a product failure is 0.05, and the probability of a product recall is 0.01, what is the probability of a product recall given a product failure?
A. 0.05
B. 0.1
C. 0.15
D. 0.2
Question 7
A company's marketing strategy involves creating a new product line. Which of the following marketing mix elements is most relevant to this decision?
A. Product
B. Price
C. Promotion
D. Place
Question 8
A company is considering exporting its products to a foreign country. Which of the following is a key consideration for the company?
A. Tariffs and trade barriers
B. Cultural differences
C. Language barriers
D. All of the above
Question 9
A company's warehouse is located in a remote area, and the company uses a third-party logistics provider to manage its inventory. What is the term for this type of inventory management system?
A. Just-in-Time (JIT) inventory system
B. Vendor-managed inventory (VMI) system
C. Third-party logistics (3PL) system
D. Enterprise resource planning (ERP) system
Question 10
A consumer protection agency has received a complaint about a company's misleading advertising. The agency wants to investigate the company's marketing strategy. Which of the following is the most appropriate action for the agency to take?
A. Send a warning letter to the company
B. Conduct a thorough investigation into the company's marketing strategy
C. File a lawsuit against the company
D. Ignore the complaint
Question 11
A company has a share capital of ₦10,000,000, divided into 2,000,000 ordinary shares of ₦5 each. If a shareholder wants to sell 1,000 shares, how much will they receive?
A. ₦5,000
B. ₦5,000,000
C. ₦5,000,000,000
D. ₦5,000,000,000,000
Question 12
A company has two business units: A and B. Unit A has a profit margin of 25% and a total revenue of ₦10,000,000. Unit B has a profit margin of 15% and a total revenue of ₦8,000,000. What is the total profit of the company?
A. ₦2,500,000
B. ₦3,000,000
C. ₦3,500,000
D. ₦4,000,000
Question 13
A consumer purchases a product from a retailer, but the product is defective. The consumer returns the product to the retailer, who refuses to accept it. What is the consumer's next course of action?
A. File a complaint with the manufacturer
B. Seek a refund from the retailer
C. Sue the retailer for breach of contract
D. Contact the consumer protection agency
Question 14
In a consumer protection context, what is the primary purpose of the Consumer Protection Act of 1999?
A. To regulate consumer transactions
B. To protect consumers from unfair business practices
C. To promote consumer education
D. To establish consumer rights
Question 15
A company has a production capacity of 10,000 units per day. The company operates for 20 days in a month. If the company produces 8,000 units per day, what is the total production for the month?
A. 80,000
B. 80,000
C. 90,000
D. 100,000

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