POST UTME RHEMA UNIVERSITY 2018 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A firm's marketing strategy involves a 20% discount on all products sold during a promotional period. If a customer buys a product that originally costs ₦5,000, how much will the customer pay, including the discount?
Question 2
A company is considering launching a new product. The company's marketing team has developed a marketing plan that includes a budget of ₦500,000 for advertising and a budget of ₦200,000 for promotions. What is the total marketing budget for the product?
Question 3
A company is considering two different distribution channels for its new product. Channel A involves a high upfront cost but low ongoing costs, while Channel B involves low upfront cost but high ongoing costs. If the company expects to sell 10,000 units in the first year and 20,000 units in the second year, which distribution channel should it choose if it wants to minimize its total costs?
Question 4
A firm's demand function is given by Q = 100 - 2P. If the firm's supply function is given by Q = 2P, what is the equilibrium price and quantity?
Question 5
A company is considering two different production methods for its new product. Method A involves a high initial investment but low ongoing costs, while Method B involves low initial investment but high ongoing costs. If the company expects to produce 10,000 units in the first year and 20,000 units in the second year, which production method should it choose if it wants to minimize its total costs?
Question 6
A company has a 10% dividend yield on its stock. If the stock price is ₦100, what is the annual dividend payment per share?
Question 7
A company is considering outsourcing its logistics operations to a third-party provider. The company's transportation costs are currently ₦1,000,000 per month. The third-party provider has quoted a price of ₦900,000 per month for the same services. What is the potential cost savings for the company?
Question 8
A firm is considering two different modes of production: labor-intensive and capital-intensive. The labor-intensive mode requires 2 workers and produces 100 units of output, while the capital-intensive mode requires 100 of capital and produces 120 units of output. If the wage rate is 20 per hour, and the rental rate is 20 per unit of capital, what is the minimum cost of production?
Question 9
A company's profit is calculated as the difference between its revenue and cost. If the company's revenue is ₦1,500,000 and its cost is ₦1,200,000, what is the company's profit?
Question 10
In a perfectly competitive market, the supply curve is a rectangular hyperbola. If the price elasticity of demand is 2, and the demand curve is given by Q = 100 - 2P, what is the price elasticity of supply?
Question 11
In a just-in-time (JIT) inventory system, what is the primary goal of the reorder point?
Question 12
A company uses a marketing strategy that involves creating a sense of urgency to encourage customers to make a purchase. This strategy is an example of which type of marketing tactic?
Question 13
A business is considering exporting its products to a foreign market. What is the primary advantage of exporting?
Question 14
A company has a policy of paying its employees a 10% bonus on their annual salaries. If an employee's annual salary is ₦1,200,000, what is the total amount the employee will receive at the end of the year, including the bonus?
Question 15
A consumer protection agency has identified a pattern of unfair business practices by a company. The agency has collected evidence of the company's actions and is considering taking legal action. What is the primary purpose of the agency's investigation?
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