POST UTME UNILAG 2021 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A firm's marketing strategy involves the development of a unique value proposition for the target market. What is the primary component of a firm's value proposition?
A. The product or service offered by the firm
B. The price at which the product or service is offered
C. The promotional activities used to reach the target market
D. The distribution channels used to deliver the product or service
Question 2
A company has a policy of paying dividends twice a year. If the company declares a dividend of ₦0.50 per share on 1st January and ₦0.75 per share on 1st July, and the company has 100,000 shares outstanding, what is the total dividend paid to shareholders in a year?
A. ₦75,000
B. ₦80,000
C. ₦85,000
D. ₦90,000
Question 3
In a sole trader business, what is the primary advantage of using a sole proprietorship structure?
A. Limited liability
B. Easy to set up
C. Flexibility in decision-making
D. No tax implications
Question 4
A firm's marketing strategy involves creating a new product line. Which of the following is a key consideration in this decision?
A. Market research
B. Competitor analysis
C. Product life cycle
D. All of the above
Question 5
In a just-in-time (JIT) inventory system, what is the primary goal of the warehouse manager?
A. To minimize inventory costs
B. To maximize storage capacity
C. To reduce lead times
D. To increase order quantities
Question 6
A company's financial statements show a decrease in revenue and an increase in expenses. What is the likely effect on its cash flow?
A. Increase in cash flow
B. Decrease in cash flow
C. No effect on cash flow
D. Uncertain effect on cash flow
Question 7
A company has a policy of paying dividends quarterly. If the company declares a dividend of ₦0.25 per share on 1st April and ₦0.50 per share on 1st October, and the company has 50,000 shares outstanding, what is the total dividend paid to shareholders in a year?
A. ₦12,500
B. ₦15,000
C. ₦17,500
D. ₦20,000
Question 8
A company's total assets are ₦2,500,000, and its total liabilities are ₦1,500,000. What is the equity?
A. ₦1,000,000
B. ₦1,500,000
C. ₦2,000,000
D. ₦2,500,000
Question 9
A firm's marketing strategy involves creating a new product line. Which of the following is a key consideration in this decision?
A. Market research
B. Competitor analysis
C. Product life cycle
D. All of the above
Question 10
A firm is considering implementing a radio frequency identification (RFID) system to track its inventory. What is the primary advantage of this approach?
A. Improved inventory accuracy
B. Increased inventory levels
C. Reduced inventory costs
D. Enhanced security
Question 11
A firm's production function is given by Q = 2L^(1/2)K^(1/2). If the price of labor is 10 per unit and the price of capital is 20 per unit, what is the optimal level of labor and capital?
A. L = 100, K = 50
B. L = 50, K = 100
C. L = 200, K = 100
D. L = 100, K = 200
Question 12
A bank's investment portfolio consists of stocks, bonds, and mutual funds. What is the primary goal of this portfolio?
A. Maximizing returns
B. Minimizing risk
C. Diversifying investments
D. All of the above
Question 13
A firm is considering investing in a new production technology. What is the primary benefit of this investment?
A. Increased productivity
B. Improved product quality
C. Reduced costs
D. Increased market share
Question 14
The concept of comparative advantage in international trade is based on the idea that countries should specialize in producing goods for which they have a lower opportunity cost compared to other countries. What is the opportunity cost of producing a good in a country?
A. The value of the good in terms of other goods that could be produced instead
B. The price of the good in the international market
C. The quantity of the good produced in the country
D. The quality of the good produced in the country
Question 15
A warehouse has a capacity of 1000 units and a storage cost of 5 per unit per year. The demand for the product is 500 units per year. What is the optimal inventory level?
A. 500 units
B. 750 units
C. 1000 units
D. 1250 units

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