POST UTME UNILORIN 2025 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A company has a warehouse with a capacity of 10,000 units. If the company receives a shipment of 5,000 units, what is the new capacity of the warehouse?
A. 10,000
B. 15,000
C. 20,000
D. 5,000
Question 2
A company has a warehouse with a capacity to store 10,000 units of goods. If the warehouse is currently 70% full, how many units of goods can still be stored?
A. 7000
B. 8000
C. 9000
D. 10000
Question 3
A company is considering exporting its products to a foreign market. Which of the following is a key factor to consider when making this decision?
A. The company's production costs
B. The company's market share
C. The foreign market's demand for the product
D. The company's financial resources
Question 4
A consumer is considering the purchase of a product that has been recalled by the manufacturer. Which of the following is the most appropriate course of action?
A. Return the product to the store
B. Contact the manufacturer directly
C. Ignore the recall notice
D. Report the issue to the authorities
Question 5
A company is considering exporting its products to a foreign country. What is the primary factor that the company should consider?
A. Market demand
B. Competition
C. Trade agreements
D. Currency exchange rates
Question 6
A consumer protection agency is investigating a complaint about a company's warranty policy. The company claims that its warranty covers all defects in materials and workmanship for a period of one year from the date of purchase. However, the consumer alleges that the company has refused to honor the warranty. Which of the following is a possible reason for the company's refusal?
A. The consumer failed to register the product within the specified time frame
B. The product was used for commercial purposes
C. The product was damaged due to misuse
D. The company has a policy of not honoring warranties for products purchased online
Question 7
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm wants to produce 16 units of output, and the price of labor is ₦100 per unit, while the price of capital is ₦200 per unit, what is the minimum cost of production?
A. ₦4000
B. ₦8000
C. ₦12000
D. ₦16000
Question 8
A company's cost function is given by C = 2L + 3K. If the company's current labor and capital inputs are L = 8 and K = 6, respectively, what is the company's current cost?
A. 26
B. 30
C. 34
D. 38
Question 9
A company has a sole trader business structure. What is the primary advantage of this structure?
A. Limited liability
B. Easy to set up
C. No need for formal meetings
D. No tax on profits
Question 10
A company's marketing strategy involves a mix of advertising, sales promotions, and public relations. Which of the following is NOT a characteristic of a successful marketing strategy?
A. Flexibility
B. Adaptability
C. Consistency
D. Unpredictability
Question 11
A company's revenue is given by R = 100x - 2x^2, where x is the number of units sold. If the company wants to maximize its revenue, how many units should it sell?
A. 10
B. 20
C. 30
D. 40
Question 12
A firm is considering the use of just-in-time (JIT) inventory management system. Which of the following is a key benefit of JIT?
A. Reduced inventory costs
B. Improved quality control
C. Increased flexibility
D. Reduced transportation costs
Question 13
A customer deposits ₦10,000 into a savings account with an interest rate of 5% per annum. How much interest will the customer earn in one year?
A. ₦500
B. ₦500.50
C. ₦500.50
D. ₦500.50
Question 14
A firm's production function is given by Q = 2L^(1/2)K^(1/2). If the firm's current labor and capital inputs are L = 16 and K = 9, respectively, what is the firm's current output?
A. 24
B. 36
C. 48
D. 60
Question 15
A firm's revenue function is given by R = 2Q^2. If the firm's current output is Q = 4, what is the firm's current revenue?
A. 32
B. 64
C. 128
D. 256

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