POST UTME RSU 2024 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A marketing manager is responsible for creating an advertising campaign for a new product. The campaign includes a 30-second TV commercial and a social media campaign. What is the impact of this campaign on the company's brand awareness?
A. The company's brand awareness increases by 20%.
B. The company's brand awareness decreases by 10%.
C. The company's brand awareness is not affected by the campaign.
D. The company's brand awareness increases by 5%.
Question 2
A warehouse manager is responsible for maintaining accurate inventory records. What is the primary method used to track inventory levels?
A. First-In-First-Out (FIFO)
B. Last-In-First-Out (LIFO)
C. Weighted Average Cost (WAC)
D. Inventory Management System (IMS)
Question 3
A country is considering imposing a tariff on imports of a particular good. What is the likely effect of the tariff on the domestic price of the good?
A. The domestic price will increase
B. The domestic price will decrease
C. The domestic price will remain the same
D. The domestic price will fluctuate
Question 4
A firm's supply chain management involves the coordination of activities from raw materials to end customers. What is the primary goal of this process?
A. To reduce costs
B. To improve product quality
C. To enhance customer satisfaction
D. To increase efficiency
Question 5
A warehouse manager is responsible for maintaining the inventory levels of a company. However, due to a mistake, the inventory levels are over-recorded by 10%. What is the impact of this error on the company's financial statements?
A. The company's revenue is overstated by 10%.
B. The company's expenses are understated by 10%.
C. The company's net income is overstated by 10%.
D. The company's cash flow is not affected by the error.
Question 6
A consumer has the following indifference curves: IC1: 2U + 3V = 6, IC2: 2U + 3V = 12. If the consumer is initially at point A(2, 1), and the price of good U is ₦5 per unit, while the price of good V is ₦10 per unit, what is the consumer's optimal bundle?
A. (4, 2)
B. (6, 3)
C. (8, 4)
D. (10, 5)
Question 7
A consumer protection law requires companies to provide a 30-day cooling-off period for customers to return products. What is the impact of this law on the company's sales revenue?
A. The company's sales revenue increases by 10%.
B. The company's sales revenue decreases by 10%.
C. The company's sales revenue is not affected by the law.
D. The company's sales revenue increases by 5%.
Question 8
In a perfectly competitive market, what is the relationship between the marginal revenue and marginal cost curves?
A. Marginal revenue is always greater than marginal cost.
B. Marginal revenue is always less than marginal cost.
C. Marginal revenue equals marginal cost at the profit-maximizing output level.
D. Marginal revenue is equal to marginal cost at all output levels.
Question 9
A company is considering the introduction of a new product line. The product requires a significant investment in marketing and advertising. Which of the following marketing strategies would be most effective in reaching the target audience?
A. Social media marketing
B. Influencer marketing
C. Content marketing
D. Event marketing
Question 10
A country is considering implementing a policy to reduce its trade deficit. What is one possible policy that the country could implement?
A. Imposing tariffs on imports
B. Reducing government spending
C. Increasing taxes on exports
D. Devaluing its currency
Question 11
A firm's marketing mix consists of product, price, promotion, and place. What is the primary objective of the 'place' element?
A. To increase sales
B. To reduce costs
C. To improve customer service
D. To enhance distribution channels
Question 12
A consumer has the following budget constraint: 2U + 3V = 12. If the consumer is indifferent between the following two bundles: (U, V) = (4, 2) and (U, V) = (6, 1), what is the consumer's marginal rate of substitution?
A. 1/2
B. 1
C. 2
D. 3
Question 13
A warehouse is storing a large quantity of perishable goods. The warehouse manager wants to ensure that the goods are stored in a way that minimizes the risk of spoilage. Which of the following storage techniques would be most effective?
A. First-in, first-out (FIFO)
B. Last-in, first-out (LIFO)
C. First-expired, first-out (FEFO)
D. Random storage
Question 14
A firm's marketing research involves the collection and analysis of data to inform business decisions. What is the primary purpose of this process?
A. To identify market trends
B. To develop new products
C. To improve customer satisfaction
D. To increase sales
Question 15
A company uses the just-in-time (JIT) inventory system. What is the primary benefit of this system?
A. Reduced inventory costs
B. Improved product quality
C. Increased production efficiency
D. Enhanced customer satisfaction

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