POST UTME UNILAG 2019 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A company has a capital of ₦10,000,000 divided into 10,000 shares of ₦1 each. If the company issues 5,000 shares at a premium of ₦2 per share, what is the total amount received from the issue of shares?
A. ₦12,000,000
B. ₦10,000,000
C. ₦8,000,000
D. ₦6,000,000
Question 2
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?
A. Truck
B. Rail
C. Air
D. Sea
Question 3
The concept of 'Gross Domestic Product' (GDP) is a measure of a country's total output of goods and services. Which of the following is NOT a component of GDP?
A. Imports
B. Exports
C. Consumer Spending
D. Investment
Question 4
A bank offers a loan of ₦1,000,000 at an interest rate of 12% per annum compounded annually. If the loan is repaid after 2 years, what is the total amount paid by the borrower?
A. ₦1,124,000
B. ₦1,120,000
C. ₦1,116,000
D. ₦1,112,000
Question 5
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
C. 30 hours
D. 40 hours
Question 6
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?
A. L = 50, K = 25
B. L = 25, K = 50
C. L = 30, K = 40
D. L = 40, K = 30
Question 7
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
D. all of the above
Question 8
A consumer purchases a product from a retailer, but the product is defective. The consumer returns the product to the retailer, who refuses to accept it. What is the consumer's legal remedy?
A. The consumer can sue the retailer for breach of contract.
B. The consumer can return the product to the manufacturer.
C. The consumer can seek a refund from the retailer.
D. The consumer has no legal remedy.
Question 9
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?
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
Question 10
A marketing manager wants to increase sales by 20% within the next 6 months. If the current sales are ₦1,000,000 per month, what is the total sales target for the next 6 months?
A. ₦12,000,000
B. ₦10,000,000
C. ₦8,000,000
D. ₦6,000,000
Question 11
A firm's marketing strategy involves creating a unique selling proposition (USP) to differentiate its product from those of its competitors. What is the primary benefit of a USP?
A. To increase market share
B. To reduce production costs
C. To establish a relationship with the target audience
D. To differentiate the product from those of competitors
Question 12
A company's marketing strategy involves a combination of advertising and sales promotions. Which of the following is a characteristic of a sales promotion?
A. Discounts
B. Free samples
C. Loyalty programs
D. Product placement
Question 13
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.
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.
Question 14
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
D. all of the above
Question 15
In a sole trade business, what is the primary advantage of using a sole trader structure?
A. Limited liability
B. Easy to set up
C. Flexibility in decision-making
D. No tax benefits

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