POST UTME RSU 2017 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
In a sole trader business, what is the primary advantage of using a separate business bank account?
Question 2
A freight forwarder is responsible for
Question 3
A commercial bank's primary function is to act as a financial intermediary between savers and borrowers. Which of the following is a characteristic of a financial intermediary?
Question 4
A firm is considering investing in a new project with a cash flow of ₦50,000 in the first year, ₦60,000 in the second year, and ₦70,000 in the third year. The cost of capital is 12% per annum. What is the net present value (NPV) of the project?
Question 5
A company purchases insurance to protect against losses due to natural disasters. The insurance policy covers damage to the company's property and business interruption. However, the company is unsure about the terms and conditions of the policy and seeks clarification from the insurer. What type of insurance is the company likely to have purchased?
Question 6
A company's memorandum of association is a document that outlines the company's
Question 7
A sole trader operates a small business, selling handmade crafts online. The sole trader has a business bank account and keeps accurate records of income and expenses. However, the sole trader is unsure about the tax implications of their business and seeks advice from an accountant. What type of tax is the sole trader likely to be liable for?
Question 8
A foreign trade agreement is an agreement between two or more countries to reduce or eliminate tariffs and other trade barriers. Which of the following is a benefit of a foreign trade agreement?
Question 9
A company has the following budget constraint: 2X + 3Y = 12. If the price of X is 2 and the price of Y is 3, how many units of Y should the company produce to maximize its profit?
Question 10
A company has a production capacity of 100 units per day. If it operates for 20 days, what is the total production?
Question 11
A company has a production function given by Q = 2L^0.5K^0.5, where Q is the output, L is the labor, and K is the capital. If the company wants to produce 100 units of output, and the labor is 4 units, what is the required capital?
Question 12
A firm's revenue function is given by R(x) = 2x^2 + 5x + 10. What is the marginal revenue function?
Question 13
In a perfectly competitive market, the supply curve is perfectly elastic because the firm can easily increase its output by
Question 14
A company is considering a new marketing strategy that involves partnering with a popular social media influencer. The influencer has a large following and is known for promoting products that align with the company's brand values. However, the company is concerned about the potential risks associated with partnering with an influencer, including the risk of negative publicity and damage to the company's reputation. What type of risk is the company facing?
Question 15
A company has a risk management policy that includes a deductible of ₦5000. If a loss occurs and the company pays ₦15000, what is the amount paid by the insurer?
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