POST UTME RSU 2023 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A company's sole trader, Mr. Adeyemi, has a warehouse with a capacity of 10,000 units. He has 8,000 units of goods stored in the warehouse. If he receives an order for 5,000 units, what is the probability that he will not be able to fulfill the order?
Question 2
A sole trader's business has a profit of ₦50,000. If the business is taxed at a rate of 20%, what is the amount of tax paid?
Question 3
A company is considering entering a new market. If the market is characterized by a high level of product differentiation, what is the likely outcome for the company's market share?
Question 4
The concept of comparative advantage in international trade suggests that countries should specialize in producing goods for which they have a lower opportunity cost. What is the opportunity cost of producing a good?
Question 5
A company is considering investing in a new project that has a high potential return on investment (ROI). However, the project also carries a high level of risk. What type of risk is the company facing?
Question 6
A firm specializes in producing a single product, which it sells in a competitive market. The firm's production function is given by Q = 100L^(1/2)K^(1/2), where Q is the quantity produced, L is the labor input, and K is the capital input. If the firm's labor and capital inputs are 16 and 25, respectively, what is the quantity produced?
Question 7
A sole trader, Mr. A, has a business that generates an average monthly revenue of ₦1,500,000. His monthly expenses include rent (₦200,000), utilities (₦50,000), and equipment maintenance (₦30,000). If he wants to save 20% of his revenue, how much will he save in a year?
Question 8
A consumer has a budget of ₦1000 and wants to buy two goods, A and B. The prices of the goods are ₦200 and ₦300 respectively. If the consumer wants to spend at least ₦500 on good A, how much can they spend on good B?
Question 9
A company is considering the introduction of a new product line. The production process involves the use of a specialized machine that can produce 500 units per hour. However, the machine requires a 2-hour setup time and a 30-minute breakdown time for maintenance. If the production team works for 8 hours a day, 5 days a week, what is the maximum number of units that can be produced in a week?
Question 10
A firm's revenue function is given by R = 2Q^2, where R is revenue and Q is quantity produced. If the firm produces 10 units of output, what is its revenue?
Question 11
A company is considering two different marketing strategies for its new product. Strategy A involves a high level of advertising and promotion, while Strategy B involves a low level of advertising and promotion. The company's marketing manager estimates that Strategy A will result in a 20% increase in sales, while Strategy B will result in a 10% increase in sales. If the company's current sales are ₦100 million, what is the expected increase in sales under Strategy B?
Question 12
A marketing firm uses the 4P's (Product, Price, Place, Promotion) to analyze the market. If the product is a new smartphone with a price of ₦50,000, what is the place strategy?
Question 13
A sole trader is considering expanding their business by hiring employees. What type of business unit would the sole trader be establishing?
Question 14
A firm's demand function is given by Q = 100 - 2P, where Q is the quantity demanded and P is the price. If the firm increases its price from ₦50 to ₦60, what is the percentage change in quantity demanded?
Question 15
A company is considering the introduction of a new product line. The production process involves the use of a specialized machine that can produce 500 units per hour. However, the machine requires a 2-hour setup time and a 30-minute breakdown time for maintenance. If the production team works for 8 hours a day, 5 days a week, what is the maximum number of units that can be produced in a week?
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