POST UTME OSUSTECH 2025 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A consumer purchases a product online and receives a damaged item. The consumer files a complaint with the company, but the company refuses to provide a refund. The consumer's rights are protected by the _______ Act.
A. Consumer Protection Act
B. Electronic Transactions Act
C. Sales of Goods Act
D. Unfair Contract Terms Act
Question 2
A sole trader in Nigeria is required to pay Value Added Tax (VAT) on all taxable supplies. What is the purpose of paying VAT?
A. To provide revenue for the government
B. To enable the sole trader to claim input tax credits
C. To facilitate the preparation of tax returns
D. To comply with the requirements of the Value Added Tax Act 1993
Question 3
A company is considering using a just-in-time (JIT) inventory system. Discuss the advantages and disadvantages of JIT, and explain how a company can implement JIT effectively.
A. JIT can provide a company with significant cost savings, improved inventory turnover, and increased efficiency. However, JIT can also be challenging to implement due to the need for precise forecasting and tight inventory control.
B. JIT can provide a company with significant cost savings, improved inventory turnover, and increased efficiency. However, JIT can also be challenging to implement due to the need for precise forecasting and tight inventory control, and may require significant investments in technology and training.
C. JIT can provide a company with significant cost savings, improved inventory turnover, and increased efficiency. However, JIT can also be challenging to implement due to the need for precise forecasting and tight inventory control, and may require significant investments in technology and training, but can also provide opportunities for growth and expansion.
D. JIT can provide a company with significant cost savings, improved inventory turnover, and increased efficiency. However, JIT can also be challenging to implement due to the need for precise forecasting and tight inventory control, and may require significant investments in technology and training, but can also provide opportunities for growth and expansion, and can help a company to become more competitive in the global market.
Question 4
A company is considering two different modes of transportation for its products: road and rail. The road transport costs ₦150 per kilometer, while the rail transport costs ₦120 per kilometer. However, the rail transport has a 10% chance of being delayed, which would result in a 20% increase in costs. What is the expected cost per kilometer for the rail transport?
A. ₦132
B. ₦140
C. ₦148
D. ₦156
Question 5
A company has a warehouse with a capacity of 10,000 units. If the company receives an order for 5,000 units, what is the percentage of the warehouse capacity utilized?
A. 25%
B. 50%
C. 75%
D. 100%
Question 6
A consumer purchases a product online and receives a product that is not as described. The consumer's rights are protected by the _______ Act.
A. Consumer Protection Act
B. Electronic Transactions Act
C. Sales of Goods Act
D. Unfair Contract Terms Act
Question 7
A company has a policy of paying its employees a 10% bonus on their annual salary. If an employee's annual salary is ₦500,000, what is the bonus amount?
A. ₦50,000
B. ₦55,000
C. ₦60,000
D. ₦65,000
Question 8
A company has a market share of 30% in a particular industry. If the company's sales increase by 20%, what is the expected increase in market share?
A. 10%
B. 20%
C. 30%
D. 40%
Question 9
A firm's production function is given by Q = 2L^(1/2)K^(1/2), where Q is output, L is labor and K is capital. If the firm increases labor from 4 to 9 units, and capital from 16 to 25 units, by how much does output increase?
A. 25%
B. 50%
C. 75%
D. 100%
Question 10
A company is sued for negligence in the sale of a defective product. The company's liability is determined by the principle of _______.
A. Strict Liability
B. Negligence
C. Product Liability
D. Ultrahazardous Activity
Question 11
A sole trader has a business that generates an average monthly revenue of ₦500,000. The business has a fixed cost of ₦100,000 per month and a variable cost of 20% of the revenue. What is the profit per month?
A. ₦250,000
B. ₦300,000
C. ₦350,000
D. ₦400,000
Question 12
A sole trader's business is registered under the Companies and Allied Matters Act (CAMA) 2020. Which of the following is a requirement for registration?
A. Submission of a Memorandum and Articles of Association
B. Payment of a registration fee
C. Obtaining a Certificate of Incorporation
D. Filing of a Business Name Search Report
Question 13
A company is considering using a total quality management (TQM) approach to improve its quality. Discuss the advantages and disadvantages of TQM, and explain how a company can implement TQM effectively.
A. TQM can provide a company with significant improvements in quality, customer satisfaction, and employee morale. However, TQM can also be challenging to implement due to the need for significant investments in training and technology.
B. TQM can provide a company with significant improvements in quality, customer satisfaction, and employee morale. However, TQM can also be challenging to implement due to the need for significant investments in training and technology, and may require significant changes in company culture and processes.
C. TQM can provide a company with significant improvements in quality, customer satisfaction, and employee morale. However, TQM can also be challenging to implement due to the need for significant investments in training and technology, and may require significant changes in company culture and processes, but can also provide opportunities for growth and expansion.
D. TQM can provide a company with significant improvements in quality, customer satisfaction, and employee morale. However, TQM can also be challenging to implement due to the need for significant investments in training and technology, and may require significant changes in company culture and processes, but can also provide opportunities for growth and expansion, and can help a company to become more competitive in the global market.
Question 14
A consumer protection agency has received a complaint from a customer who purchased a product online but received a defective item. The customer is seeking a refund of ₦10,000. However, the company has offered to replace the product instead. What is the likely outcome of this situation?
A. The customer will receive a full refund of ₦10,000.
B. The customer will receive a partial refund of ₦5,000.
C. The customer will receive a replacement product.
D. The customer will not receive any refund or replacement.
Question 15
A company is considering investing in a new project. The company's financial advisor recommends that the company use a _______ to evaluate the project's potential return on investment.
A. Payback Period
B. Net Present Value
C. Internal Rate of Return
D. Break-Even Analysis

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