POST UTME UNILORIN 2021 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A company's financial statements show a net profit of ₦300,000 and a dividend payout ratio of 40%. What is the amount of dividend paid to shareholders?
A. ₦120,000
B. ₦150,000
C. ₦180,000
D. ₦200,000
Question 2
A company uses a transportation management system to optimize its logistics operations. What is the primary benefit of this system?
A. Reduced transportation costs and improved delivery times
B. Increased transportation capacity and improved supply chain efficiency
C. Enhanced customer service and increased sales
D. Improved inventory management and reduced stockouts
Question 3
A bank offers a loan of ₦500,000 at an interest rate of 12% per annum. What is the total amount payable after 2 years?
A. ₦700,000
B. ₦720,000
C. ₦750,000
D. ₦800,000
Question 4
A firm specializes in producing a particular good due to economies of scale. This is an example of which type of production?
A. Perfect Competition
B. Monopoly
C. Monopolistic Competition
D. Economies of Scale
Question 5
A consumer is considering purchasing a product with a warranty. What is the primary benefit of a warranty?
A. Protection against defects
B. Improved product quality
C. Increased product lifespan
D. Reduced maintenance costs
Question 6
A bank's balance sheet shows the following assets and liabilities: Assets = ₦100m, Liabilities = ₦80m. What is the bank's equity?
A. ₦20m
B. ₦30m
C. ₦40m
D. ₦50m
Question 7
A sole trader's business is registered under the Companies and Allied Matters Act (CAMA) 2020. What is the primary advantage of registering under CAMA?
A. Limited liability
B. Easy registration process
C. Flexibility in management
D. Tax benefits
Question 8
The Consumer Protection Act of 1999 provides for the establishment of the Consumer Protection Council. What is the primary function of the Council?
A. To promote consumer awareness and education
B. To regulate consumer transactions and protect consumers from unfair business practices
C. To provide legal assistance to consumers in disputes with businesses
D. To conduct research on consumer behavior and preferences
Question 9
A company's foreign trade involves exporting goods to a foreign country. Which of the following is a benefit of foreign trade?
A. Increased competition
B. Reduced market share
C. Increased market share
D. Reduced profit margins
Question 10
A firm specializes in producing a single product, and its production process involves a series of complex steps. Which of the following production costs is most likely to be fixed?
A. Raw materials cost
B. Labor cost
C. Overhead cost
D. Selling cost
Question 11
A firm uses the following transportation costs: 10 per unit for the first 100 units, 5 per unit for the next 200 units, and 2 per unit for the remaining units. What is the total transportation cost for 500 units?
A. ₦1250
B. ₦1500
C. ₦1750
D. ₦2000
Question 12
A country's trade balance is calculated by subtracting its imports from its exports. What is the term for this balance?
A. Trade Deficit
B. Trade Surplus
C. Balance of Payments
D. Current Account
Question 13
A sole trader's business is not registered with the Corporate Affairs Commission (CAC). What is the legal implication of this?
A. The business is not liable for any debts incurred.
B. The business is not entitled to limited liability.
C. The business is not required to file annual returns.
D. The business is not eligible for tax relief.
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. Access to new markets
D. Improved brand image
Question 15
A risk management strategy involves diversification of investments. If a portfolio has a mean return of 8% and a standard deviation of 12%, what is the probability that the portfolio's return will be greater than 15%?
A. 0.25
B. 0.5
C. 0.75
D. 0.33

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