POST UTME RSU 2022 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A firm is considering investing in a new marketing campaign. The campaign has a budget of ₦500,000 and is expected to generate a return on investment (ROI) of 20%. What is the minimum required sales revenue for this campaign?
A. ₦1000000
B. ₦1200000
C. ₦1500000
D. ₦2000000
Question 2
In a just-in-time (JIT) inventory system, what is the primary goal of the reorder point?
A. To minimize inventory costs
B. To maximize inventory turnover
C. To reduce lead time
D. To minimize stockouts
Question 3
A company's production process involves the following steps: raw material procurement, manufacturing, quality control, and packaging. The company wants to reduce its production costs by 20%. Which of the following steps would be most effective in achieving this goal?
A. Raw material procurement
B. Manufacturing
C. Quality control
D. Packaging
Question 4
A company's marketing mix consists of _______, _______, _______, and _______.
A. Product, price, promotion, and place
B. Product, price, promotion, and people
C. Product, price, promotion, and packaging
D. Product, price, promotion, and process
Question 5
A company uses a transportation cost index to determine the most cost-effective mode of transportation. Which of the following is a characteristic of the transportation cost index?
A. It is a measure of the distance between two points
B. It is a measure of the weight of goods being transported
C. It is a measure of the cost of transportation per unit of weight
D. It is a measure of the speed of transportation
Question 6
A consumer protection agency receives a complaint about a company's unfair business practices. The agency's primary goal is to protect the consumer's rights. Which of the following actions would be most appropriate for the agency to take?
A. Conduct an investigation into the company's practices
B. Issue a warning to the company
C. File a lawsuit against the company
D. Provide counseling to the consumer
Question 7
A firm's cost function is given by C = 2L + 3K. If the firm's current labor and capital inputs are L = 8 and K = 6, respectively, what is the firm's current cost?
A. ₦40
B. ₦60
C. ₦80
D. ₦100
Question 8
A firm is considering the use of a marketing mix strategy. What is the primary objective of this strategy?
A. To increase market share and revenue
B. To reduce costs and improve efficiency
C. To enhance customer satisfaction and loyalty
D. To improve brand image and reputation
Question 9
A company's marketing strategy involves targeting a specific segment of the market. Which of the following is a key characteristic of this segment?
A. Demographics
B. Psychographics
C. Behavioral characteristics
D. Geographic location
Question 10
A firm is considering the use of just-in-time (JIT) inventory management system. What is the primary benefit of JIT?
A. Reduced inventory costs and improved cash flow
B. Increased flexibility in responding to changes in demand
C. Improved quality control and reduced waste
D. Enhanced customer satisfaction through faster delivery
Question 11
A company produces two products, A and B, using two machines, X and Y. The production process for product A requires 2 hours on machine X and 3 hours on machine Y, while product B requires 3 hours on machine X and 2 hours on machine Y. If the company has 12 hours of machine X time and 15 hours of machine Y time available, how many units of product A and product B can be produced?
A. (10, 12)
B. (12, 10)
C. (15, 9)
D. (9, 15)
Question 12
A company has a share capital of ₦1,000,000 divided into 100,000 ordinary shares of ₦10 each. If the company issues 20,000 shares to the public, what is the amount of share capital received?
A. ₦200,000
B. ₦400,000
C. ₦600,000
D. ₦800,000
Question 13
A company is evaluating the feasibility of a new production process. What is the primary consideration in this evaluation?
A. Production costs and pricing strategy
B. Market size and growth potential
C. Competitor analysis and market share
D. Product life cycle and competitive advantage
Question 14
A consumer purchases a product for ₦5,000 and pays a 10% deposit. If the consumer returns the product within 30 days, what is the amount of refund?
A. ₦4,000
B. ₦4,500
C. ₦5,000
D. ₦5,500
Question 15
A company's _______ is the process of creating and communicating value to customers.
A. Marketing
B. Sales
C. Production
D. Finance

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