POST UTME OAU 2023 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A company's marketing strategy involves a mix of advertising, sales promotions, and public relations. Which of the following is NOT a primary goal of advertising in this context?
Question 2
A company's financial statement shows a net income of ₦1,500,000. Which of the following is a possible reason for this net income?
Question 3
A firm's cost of capital is 12% per annum. If it invests in a project with a net present value (NPV) of ₦2,000,000, what is the expected rate of return on the investment?
Question 4
A sole trader, Mr. A, has a business that generates an annual revenue of ₦1,500,000. His fixed costs are ₦200,000, and his variable costs are ₦300,000. What is his break-even point in terms of the number of units sold, assuming each unit sells for ₦5,000?
Question 5
A company has a warehouse with a capacity of 10,000 units. If 8,000 units are already stored, what is the remaining capacity?
Question 6
A company has a production process that involves two stages: Stage 1 and Stage 2. The probability of success in Stage 1 is 0.8, and the probability of success in Stage 2 is 0.9, given that Stage 1 is successful. What is the probability that the production process will be successful?
Question 7
A company's marketing strategy involves a mix of advertising, sales promotion, and public relations. Which of the following is NOT a characteristic of a successful marketing strategy?
Question 8
A company has two production departments: A and B. Department A produces 60% of the company's output, while department B produces 40%. If the company's total output is 10,000 units, how many units are produced by department B?
Question 9
A company's marketing strategy involves a 10% discount on all products sold during a promotional period. If a customer purchases a product worth ₦10,000, what is the amount paid by the customer?
Question 10
A bank's cash reserve ratio is 20%. If the bank has a cash reserve of ₦100,000, what is the maximum amount of credit it can extend to customers?
Question 11
A firm's decision to import goods is influenced by the following factors: market demand, production costs, transportation costs, and exchange rates. Which of the following is a factor that affects a firm's decision to import goods?
Question 12
A company's foreign trade policy is influenced by the following factors: political, economic, social, and technological. Which of the following is a factor that affects a company's foreign trade policy?
Question 13
A company's insurance policy covers losses due to fire, theft, and natural disasters. However, the policy excludes losses caused by war, terrorism, and nuclear accidents. If the company suffers a loss of ₦5 million due to a fire, and the insurance premium is 5% of the total assets, and the total assets are ₦100 million, what is the amount of the insurance claim?
Question 14
A consumer protection agency has received complaints about a company's unfair business practices. Which of the following is a possible remedy for the consumers?
Question 15
Under the Consumer Protection Act, what is the primary responsibility of a consumer in a contract?
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