POST UTME UNIOSUN 2018 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A firm's revenue function is given by R = 100Q - 2Q^2. If the firm's marginal revenue is equal to its marginal cost, what is the firm's optimal quantity?
A. 10 units
B. 20 units
C. 30 units
D. 40 units
Question 2
The Central Bank of Nigeria (CBN) uses the monetary policy instrument of Open Market Operations (OMO) to increase the money supply in the economy. Which of the following is a consequence of this action?
A. The interest rate in the economy decreases.
B. The exchange rate of the naira appreciates.
C. The inflation rate in the economy increases.
D. The money supply in the economy decreases.
Question 3
A firm's warehouse is designed to store a large quantity of goods. Which of the following is a characteristic of a warehouse?
A. It is a place where goods are sold
B. It is a place where goods are manufactured
C. It is a place where goods are stored
D. It is a place where goods are transported
Question 4
A firm's production function is given by Q = 2L^0.5K^0.5. If the firm's labor and capital inputs are increased by 20% and 15% respectively, what is the percentage change in output?
A. 5%
B. 10%
C. 15%
D. 20%
Question 5
A company's production function is given by Q = 2L^2 + 5L + 3, where Q is the quantity produced and L is the labor input. If the company wants to produce 21 units of output, how many units of labor should it hire?
A. 4
B. 5
C. 6
D. 7
Question 6
A consumer's utility function is given by U = 2X^0.5 + 3Y^0.5. If the consumer's budget constraint is 100 units of currency and the prices of goods X and Y are 5 units of currency and 10 units of currency respectively, what is the consumer's optimal quantity of good X?
A. 4 units
B. 6 units
C. 8 units
D. 10 units
Question 7
The Consumer Protection Act of 1999 in Nigeria provides for the protection of consumers from unfair trade practices. Which of the following is a key provision of the Act?
A. The Act provides for the establishment of a Consumer Protection Council
B. The Act provides for the protection of consumers from unfair trade practices
C. The Act provides for the establishment of a Consumer Protection Agency
D. The Act provides for the protection of consumers from environmental hazards
Question 8
A business owner has a warehouse with a capacity to store 5000 units of a product. If the business owner wants to store 2000 units of the product, what is the percentage of the warehouse capacity used?
A. 20%
B. 30%
C. 40%
D. 50%
Question 9
A bank has a loan portfolio with a total value of ₦1,500,000. The bank's risk management strategy involves diversification of its loans across various sectors. If the bank has loans worth ₦500,000 in the manufacturing sector, ₦300,000 in the agricultural sector, and ₦700,000 in the services sector, what is the expected return on investment (ROI) if the annual returns on manufacturing, agricultural, and services sectors are 12%, 10%, and 8% respectively?
A. ( rac{(1.12)(500000) + (1.10)(300000) + (1.08)(700000)}{1500000} )
B. ( rac{(1.12)(500000) + (1.10)(300000) + (1.08)(700000)}{2000000} )
C. ( rac{(1.12)(500000) + (1.10)(300000) + (1.08)(700000)}{2500000} )
D. ( rac{(1.12)(500000) + (1.10)(300000) + (1.08)(700000)}{3000000} )
Question 10
A company's insurance policy covers against loss of goods in transit. Which of the following is a type of insurance policy?
A. Fire insurance
B. Marine insurance
C. Liability insurance
D. Life insurance
Question 11
A company in Nigeria is considering investing in a new project. Which of the following is a type of investment that the company could make?
A. Fixed investment.
B. Working capital investment.
C. Current investment.
D. Long-term investment.
Question 12
A company's risk management strategy involves diversification of its investments across various asset classes. If the company invests ₦1,000,000 in stocks, ₦500,000 in bonds, and ₦300,000 in real estate, what is the expected return on investment (ROI) if the annual returns on stocks, bonds, and real estate are 10%, 5%, and 8% respectively?
A. ( rac{(1.10)(1000000) + (1.05)(500000) + (1.08)(300000)}{1000000} )
B. ( rac{(1.10)(1000000) + (1.05)(500000) + (1.08)(300000)}{2000000} )
C. ( rac{(1.10)(1000000) + (1.05)(500000) + (1.08)(300000)}{3000000} )
D. ( rac{(1.10)(1000000) + (1.05)(500000) + (1.08)(300000)}{4000000} )
Question 13
A company's marketing strategy involves a mix of advertising, personal selling, and sales promotion. Which of the following is NOT a characteristic of personal selling?
A. It is a one-to-one communication process
B. It involves a high degree of personal interaction
C. It is a low-cost method of promotion
D. It is a mass communication process
Question 14
A firm's marketing strategy involves a mix of advertising, personal selling, and sales promotion. Which of the following is a characteristic of advertising?
A. It is a one-to-one communication process
B. It involves a high degree of personal interaction
C. It is a low-cost method of promotion
D. It is a mass communication process
Question 15
A company purchases a warehouse from a supplier. The warehouse is used for storing goods, but it is also used for other purposes, such as office space and storage of equipment. What is the primary accounting principle that governs the treatment of this warehouse?
A. The principle of matching
B. The concept of depreciation
C. The rule of capitalization
D. The doctrine of expensing

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