POST UTME UNIOSUN 2023 Commerce | Objective

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Question 1
A company is considering two different warehouses to store its products. Warehouse A has a capacity of 1000 units and a rental cost of ₦500 per unit per month. Warehouse B has a capacity of 2000 units and a rental cost of ₦300 per unit per month. If the company needs to store 1500 units of products, which warehouse should it choose?
A. Warehouse A
B. Warehouse B
C. Both warehouses are equally suitable
D. Neither warehouse is suitable
Question 2
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. Which of the following is a correct example of comparative advantage?
A. Country A produces 100 units of wheat and 50 units of cloth, while Country B produces 50 units of wheat and 100 units of cloth.
B. Country A produces 100 units of wheat and 50 units of cloth, while Country B produces 50 units of wheat and 150 units of cloth.
C. Country A produces 100 units of wheat and 50 units of cloth, while Country B produces 50 units of wheat and 50 units of cloth.
D. Country A produces 100 units of wheat and 50 units of cloth, while Country B produces 150 units of wheat and 50 units of cloth.
Question 3
A company's financial statements show a net income of ₦1,000,000 and a total assets of ₦5,000,000. What is the company's return on assets (ROA) percentage?
A. 20%
B. 25%
C. 30%
D. 35%
Question 4
A company's marketing strategy involves creating a brand identity that is consistent across all its products. This is an example of
A. segmentation
B. positioning
C. branding
D. product differentiation
Question 5
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 percentage of the warehouse's capacity that is currently occupied?
A. 25%
B. 30%
C. 40%
D. 50%
Question 6
A company is considering the implementation of a just-in-time (JIT) inventory system. What are the primary advantages of JIT inventory systems?
A. Reduced inventory costs and improved product quality
B. Increased inventory levels and improved supply chain efficiency
C. Improved customer service and reduced lead times
D. Increased production costs and reduced product variety
Question 7
A sole trader is considering the formation of a partnership. What are the primary advantages of forming a partnership?
A. Increased capital and improved risk management
B. Improved decision-making and reduced administrative costs
C. Increased tax liabilities and reduced personal liability
D. Reduced capital and improved personal liability
Question 8
A firm specializes in producing a single product, which is a variant of a product offered by a competitor. The firm's production process is highly efficient, and it can produce the product at a lower cost than its competitor. However, the firm's product is not as well-known as its competitor's product, and it has a smaller market share. What is the likely effect of the firm's specialization on its market share?
A. The firm's market share will increase due to its lower production cost.
B. The firm's market share will decrease due to its smaller market presence.
C. The firm's market share will remain the same due to its efficient production process.
D. The firm's market share will increase due to its well-known product.
Question 9
A company has two departments: A and B. Department A has 5 employees, and department B has 7 employees. If the company has a total of 12 employees, what is the probability that an employee chosen at random is from department A?
A. 1/2
B. 1/3
C. 2/5
D. 3/7
Question 10
A consumer purchases a product with a price of ₦500 and a 10% discount. What is the amount of the discount?
A. ₦50
B. ₦60
C. ₦70
D. ₦80
Question 11
A company's marketing mix involves the 4 Ps: product, price, promotion, and place. Which of the following is NOT a key element of a company's marketing mix?
A. Product
B. Price
C. Promotion
D. Quality
Question 12
A firm's marketing mix involves a product with a unique selling proposition (USP). Which of the following best describes the primary benefit of this USP?
A. To increase brand awareness
B. To generate leads and drive sales
C. To build customer loyalty and retention
D. To differentiate the product from competitors
Question 13
A company's marketing strategy involves a mix of advertising, sales promotions, and public relations. Which of the following best describes the primary goal of this marketing strategy?
A. To increase brand awareness
B. To generate leads and drive sales
C. To build customer loyalty and retention
D. To create a positive brand image
Question 14
A commercial bank's primary function is to act as a financial intermediary between savers and borrowers. However, it also provides other services such as cash management, foreign exchange, and investment advice. Which of the following is NOT a primary function of a commercial bank?
A. Accepting deposits from the public
B. Providing investment advice
C. Acting as a financial intermediary
D. Issuing credit cards
Question 15
A consumer protection law that prohibits false or misleading advertising is an example of
A. truth-in-advertising law
B. consumer credit protection law
C. product liability law
D. franchise law

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