POST UTME UNILAG 2019 Commerce | Objective

Are you preparing for POST UTME UNILAG exams? Reviewing past questions is one of the most effective ways to guarantee a high score. This practice hub features authentic 2019 Commerce (Objective) questions designed to simulate the real exam environment.

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Question 1
A company's marketing strategy involves a combination of advertising and sales promotions. Which of the following is NOT a characteristic of a sales promotion?
A. Discounts
B. Free samples
C. Loyalty programs
Correct D. Product placement

Correct Answer: D

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Question 2
A sole trader's business is affected by the following factors: market conditions, government policies, and consumer behavior. Which of the following is NOT a factor that affects a sole trader's business?
A. Market conditions
B. Government policies
C. Consumer behavior
Correct D. Weather conditions

Correct Answer: D

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Question 3
A company's production process involves the following steps: design, production, and distribution. Which of the following is NOT a step in the production process?
A. Design
B. Production
C. Distribution
Correct D. Marketing

Correct Answer: D

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Question 4
A company's marketing strategy involves a combination of advertising and sales promotions. Which of the following is a characteristic of a sales promotion?
Correct A. Discounts
B. Free samples
C. Loyalty programs
D. Product placement

Correct Answer: A

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Question 5
A company's production process involves the following steps: design, production, and distribution. Which of the following is a step in the production process?
A. Design
Correct B. Production
C. Distribution
D. Marketing

Correct Answer: B

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Question 6
A sole trader's business is not required to register with the Corporate Affairs Commission (CAC) if its annual turnover is less than ₦25 million. Which of the following is a correct statement about the registration of a sole trader's business?
A. The sole trader's business must register with the CAC regardless of its annual turnover.
Correct B. The sole trader's business is not required to register with the CAC if its annual turnover is less than ₦25 million.
C. The sole trader's business must register with the CAC if its annual turnover is more than ₦25 million.
D. The sole trader's business is not required to register with the CAC if it has fewer than 10 employees.

Correct Answer: B

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Question 7
A company's memorandum of association is a document that outlines the company's
A. objectives and goals
B. powers and duties of the directors
Correct C. rights and interests of the shareholders
D. terms and conditions of employment of the employees

Correct Answer: C

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Question 8
A consumer protection law requires that a product label must include the
A. name and address of the manufacturer
B. ingredients and nutritional information
C. price and date of manufacture
Correct D. all of the above

Correct Answer: D

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Question 9
A company's articles of association may provide for the
A. appointment of a managing director
B. removal of a director
C. issuance of shares to employees
Correct D. all of the above

Correct Answer: D

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Question 10
A sole trader's business is not required to pay Value Added Tax (VAT) if its annual turnover is less than ₦1 million. Which of the following is a correct statement about the VAT liability of a sole trader's business?
A. The sole trader's business must pay VAT regardless of its annual turnover.
Correct B. The sole trader's business is not required to pay VAT if its annual turnover is less than ₦1 million.
C. The sole trader's business must pay VAT if its annual turnover is more than ₦1 million.
D. The sole trader's business is not required to pay VAT if it has fewer than 10 employees.

Correct Answer: B

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Question 11
In a sole trade business, what is the primary advantage of using a sole trader structure?
A. Limited liability
B. Easy to set up
Correct C. Flexibility in decision-making
D. No tax benefits

Correct Answer: C

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Question 12
A company has a turnover of ₦500 million and a profit before tax of ₦100 million. If the tax rate is 20%, what is the company's profit after tax?
A. ₦80 million
B. ₦120 million
Correct C. ₦80.5 million
D. ₦120.5 million

Correct Answer: C

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Question 13
A consumer protection agency has the power to investigate and prosecute businesses that engage in unfair trade practices. What is the primary purpose of this power?
Correct A. To protect consumers from unfair trade practices
B. To promote fair competition among businesses
C. To regulate business operations
D. To impose fines on businesses

Correct Answer: A

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Question 14
A company is considering exporting its products to a foreign market. What is the primary advantage of exporting?
A. Increased revenue
B. Reduced competition
C. Improved brand reputation
Correct D. Access to new markets

Correct Answer: D

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Question 15
A marketing manager is developing a marketing strategy for a new product. What is the primary goal of the marketing strategy?
A. To increase sales revenue
B. To improve brand awareness
C. To reduce production costs
Correct D. To increase market share

Correct Answer: D

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Question 16
The concept of 'just-in-time' inventory system is most closely related to which of the following?
A. Economic Order Quantity (EOQ)
Correct B. Just-In-Time (JIT) inventory system
C. Materials Requirements Planning (MRP)
D. Total Quality Management (TQM)

Correct Answer: B

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Question 17
A company's marketing strategy involves creating a new product line that caters to the needs of environmentally conscious consumers. Which of the following marketing mix elements is most relevant to this strategy?
Correct A. Product
B. Price
C. Promotion
D. Place

Correct Answer: A

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Question 18
A firm's cost of capital is the minimum return required by investors for the risk they take in investing in the firm. Which of the following is NOT a component of a firm's cost of capital?
A. Debt
B. Equity
C. Preferred Stock
Correct D. Operating Expenses

Correct Answer: D

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Question 19
A company's supply chain involves the transportation of goods from a manufacturing facility to a distribution center. Which of the following transportation modes is most suitable for this scenario?
Correct A. Truck
B. Rail
C. Air
D. Sea

Correct Answer: A

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Question 20
A consumer protection agency is responsible for enforcing laws that protect consumers from unfair business practices. Which of the following laws is most relevant to this agency's role?
Correct A. Federal Trade Commission Act
B. Consumer Product Safety Act
C. Fair Credit Reporting Act
D. Truth in Lending Act

Correct Answer: A

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Question 21
A company's production function is given by Q = 100L^0.5K^0.5, where Q is the quantity produced, L is the labor input, and K is the capital input. If the company wants to increase its output by 20% while keeping labor input constant at 100 units, what percentage increase in capital input is required?
A. 10%
Correct B. 20%
C. 30%
D. 40%

Correct Answer: B

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Question 22
A firm's cost function is given by C = 100 + 2L + 3K, where C is the total cost, L is the labor input, and K is the capital input. If the firm wants to minimize its cost while producing 100 units of output, what is the optimal combination of labor and capital inputs?
Correct A. L = 50, K = 25
B. L = 25, K = 50
C. L = 30, K = 40
D. L = 40, K = 30

Correct Answer: A

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Question 23
A warehouse has a capacity of 1000 units. The demand for the product is given by D = 200 + 5t, where D is the demand and t is the time in hours. If the warehouse is initially empty, how many hours will it take to fill the warehouse?
A. 10 hours
B. 20 hours
Correct C. 30 hours
D. 40 hours

Correct Answer: C

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Question 24
A firm's revenue function is given by R = 100Q - 2Q^2, where R is the revenue and Q is the quantity sold. If the firm wants to maximize its revenue, what quantity should it produce?
A. 20 units
Correct B. 30 units
C. 40 units
D. 50 units

Correct Answer: B

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Question 25
A bank's interest rate is given by r = 10 + 0.05t, where r is the interest rate and t is the time in years. If the bank wants to keep the interest rate below 15%, how many years will it take to reach this target?
A. 10 years
B. 20 years
Correct C. 30 years
D. 40 years

Correct Answer: C

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