POST UTME REDEEMERS UNIVERSITY 2017 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A firm's financial ratio analysis is a method of analyzing its financial statements. Which of the following is a correct example of a financial ratio?
A. Debt-to-Equity Ratio, Current Ratio, Return on Equity
B. Debt-to-Equity Ratio, Current Ratio, Return on Assets
C. Current Ratio, Return on Equity, Return on Assets
D. Debt-to-Equity Ratio, Return on Equity, Return on Assets
Question 2
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. Obtaining a Tax Identification Number (TIN)
B. Registering with the Corporate Affairs Commission (CAC)
C. Obtaining a Business Name Certificate
D. Obtaining a Trade License
Question 3
A firm's financial leverage is the ratio of its total debt to its total equity. Which of the following is a correct formula for calculating financial leverage?
A. FL = (TD/TE)
B. FL = (TE/TD)
C. FL = (TD + TE)/TE
D. FL = (TD - TE)/TD
Question 4
In a perfectly competitive market, the demand curve for a firm's product is its
A. marginal revenue curve
B. marginal cost curve
C. average revenue curve
D. average cost curve
Question 5
An insurance company is considering insuring a customer's property. Which of the following is a key factor in the insurance company's decision-making process?
A. The customer's age
B. The customer's income level
C. The customer's employment status
D. The customer's credit history
Question 6
A company is considering exporting its products to a foreign country. Which of the following is a key consideration in the company's decision-making process?
A. The company's profit margins
B. The company's market share in the foreign country
C. The foreign country's trade policies and regulations
D. The company's ability to meet the foreign country's quality standards
Question 7
The _______ of a trade agreement refers to the reduction or elimination of tariffs and other trade barriers.
A. Tariff
B. Quota
C. Non-Tariff Barrier
D. Trade Liberalization
Question 8
A company's liability for a product defect is governed by the principle of _______ in the Consumer Protection Act.
A. Strict Liability
B. Negligence
C. Breach of Contract
D. Unfair Trade Practices
Question 9
A company's cash flow management is a critical aspect of its financial management. Which of the following is a correct example of a cash flow management strategy?
A. Maintaining a cash reserve, Investing in short-term securities, Reducing accounts receivable
B. Maintaining a cash reserve, Investing in long-term securities, Reducing accounts payable
C. Investing in short-term securities, Reducing accounts receivable, Reducing accounts payable
D. Maintaining a cash reserve, Reducing accounts receivable, Reducing accounts payable
Question 10
The _______ of a business refers to the process of identifying and evaluating potential risks and opportunities.
A. Risk Management
B. Strategic Planning
C. Financial Analysis
D. Market Research
Question 11
A company's marketing strategy involves a 20% discount on all products. If a product originally costs ₦10,000, what is the discounted price?
A. ₦8,000
B. ₦9,000
C. ₦10,000
D. ₦12,000
Question 12
A company's marketing mix is a set of strategies that it uses to promote its products. Which of the following is a correct example of a marketing mix?
A. Product, Price, Place, Promotion
B. Product, Price, Place, People
C. Product, Price, Place, Process
D. Product, Price, Place, Physical Evidence
Question 13
A firm's stock control system involves a first-in-first-out (FIFO) inventory method. If the firm has 100 units of a product with a cost of ₦50 per unit, and 20 units are sold, what is the total cost of the units sold?
A. ₦1,000
B. ₦1,200
C. ₦1,500
D. ₦2,000
Question 14
A consumer's indifference curve is given by the equation u(x,y) = 2x + 3y. If the consumer's income is ₦100, and the prices of good x and good y are ₦5 and ₦10 respectively, how many units of good y should the consumer buy?
A. 5
B. 10
C. 15
D. 20
Question 15
A firm's break-even point is the point at which its total revenue equals its total fixed costs. Which of the following is a correct formula for calculating the break-even point?
A. BEQ = (FC x Q)/P
B. BEQ = (FC + VC) x Q/P
C. BEQ = (FC x P)/Q
D. BEQ = (FC + VC)/P x Q

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Help others prepare! Share this practice hub: