POST UTME UNILAG 2025 Commerce | Objective
Practice these randomly selected questions to test your readiness.
Question 1
A sole trader, Mr. Johnson, has a business that generates an average profit of ₦50,000 per month. If he wants to expand his business and increase his profit by 20%, how much more capital will he need to invest?
Question 2
In a perfectly competitive market, the supply curve is upward-sloping because of the law of increasing
Question 3
A sole trader business is considering hiring an employee. What type of contract should the business use?
Question 4
In a sole trader business, what is the primary advantage of using a sole proprietorship structure?
Question 5
A company is considering two different marketing strategies: Strategy A, which involves a 10% increase in advertising expenditure, and Strategy B, which involves a 5% decrease in advertising expenditure. If the company's current advertising expenditure is ₦100,000, how much will it spend on advertising under Strategy A?
Question 6
A bank has a loan of ₦1,000,000 at an interest rate of 12% per annum. If the loan is compounded annually, what will be the total amount owed after 2 years?
Question 7
A business owner purchases a policy that covers losses due to fire, theft, and liability. This is an example of which type of insurance?
Question 8
A company uses a marketing strategy that involves creating a sense of urgency to encourage customers to make a purchase. This is an example of which of the following?
Question 9
A company's cost function is given by C = 100L + 200K, where C is cost, L is labor, and K is capital. If labor increases by 20% and capital remains constant, what is the percentage change in cost?
Question 10
A company has a warehouse with a capacity of 1000 units. The company receives an order for 800 units. If the company uses a first-in-first-out (FIFO) inventory system, what is the total cost of the units in the warehouse?
Question 11
A bank has a policy of paying interest on deposits at a rate of 5% per annum. If a customer deposits ₦100,000 for one year, what is the total amount the customer will receive at the end of the year?
Question 12
A company is considering expanding its operations to a new market. What type of risk is the company facing?
Question 13
A sole trader, Mr. A, has an annual income of ₦1,500,000 and annual expenses of ₦800,000. He pays 25% tax on his income. What is his net income after tax?
Question 14
A bank has a reserve requirement of 10% and a cash reserve of ₦1,000,000. If the bank's deposits are ₦10,000,000, what is the maximum amount of loans the bank can make?
Question 15
A firm's production function is given by Q = 2L + 3K, where Q is the quantity produced, L is the number of labor units, and K is the number of capital units. If the firm wants to produce 10 units of output, how many labor units will it need to hire?
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