POST UTME UNIOSUN 2025 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A sole trader's business is considered a separate legal entity from its owner. Which of the following is a characteristic of a sole trader's business?
A. The business is owned by one person.
B. The business is owned by multiple people.
C. The business is a partnership.
D. The business is a company.
Question 2
A foreign trade agreement between two countries involves the exchange of goods worth ₦500 million. If the exchange rate is 1 USD = ₦400, what is the equivalent value of the goods in USD?
A. 1,250,000
B. 1,250,000.00
C. 1,250,000.01
D. 1,250,000.02
Question 3
A company uses the following data to calculate its marketing mix: Product: ₦100,000; Price: ₦150,000; Place: ₦200,000; Promotion: ₦250,000. What is the total marketing budget?
A. ₦700,000
B. ₦800,000
C. ₦900,000
D. ₦1,000,000
Question 4
A company's break-even point is the point at which its?
A. Total Revenue equals Total Fixed Costs
B. Total Revenue equals Total Variable Costs
C. Total Revenue equals Total Fixed Costs plus Total Variable Costs
D. Total Revenue equals Total Variable Costs minus Total Fixed Costs
Question 5
A firm's demand function is given by P = 100 - 2Q, where P is the price and Q is the quantity demanded. If the firm wants to maximize its revenue, what price should it charge?
A. 50
B. 60
C. 70
D. 80
Question 6
A firm's production function is characterized by the law of
A. diminishing returns.
B. increasing returns.
C. constant returns.
D. decreasing returns.
Question 7
A company is considering a new marketing strategy that involves partnering with a popular social media influencer. The influencer has a large following and is known for promoting products that align with the company's brand values. However, the influencer's fees are quite high, and the company is unsure if the return on investment will be worth it. What type of risk is the company facing in this scenario?
A. Financial risk
B. Reputational risk
C. Operational risk
D. Strategic risk
Question 8
In a perfectly competitive market, the demand curve for a firm's product is its?
A. Supply Curve
B. Demand Curve
C. Marginal Revenue Curve
D. Marginal Cost Curve
Question 9
A bank's balance sheet is given by Assets = Liabilities + Equity. If the bank's assets increase by 10% and its liabilities increase by 5%, what is the percentage increase in its equity?
A. 2.5%
B. 5%
C. 7.5%
D. 10%
Question 10
A company has a 10% shareholding in a joint venture. If the joint venture generates a profit of ₦1.5 million, what is the company's share of the profit?
A. ₦150,000
B. ₦150,000.00
C. ₦150,000.01
D. ₦150,000.02
Question 11
A company's cost function is given by C = 2L^2 + 5L + 10, where C is the total cost and L is the number of labor hours. If the company wants to minimize its cost, how many labor hours should it use?
A. 10
B. 20
C. 30
D. 40
Question 12
A firm's warehouse management system involves tracking inventory levels and optimizing storage space. Which of the following is a key benefit of this system?
A. Reduced storage costs
B. Improved inventory accuracy
C. Enhanced supply chain visibility
D. All of the above
Question 13
A company is considering investing in a new project that involves transporting goods by air. The company is concerned about the high cost of air transportation and the potential impact on their bottom line. What type of cost is the company likely to incur in this scenario?
A. Fixed cost
B. Variable cost
C. Sunk cost
D. Opportunity cost
Question 14
A company is considering purchasing a new insurance policy to protect against business risks. The company is concerned about the potential increase in premiums and the impact on their cash flow. What type of insurance policy is the company likely to purchase in this scenario?
A. Liability insurance
B. Property insurance
C. Business interruption insurance
D. Professional indemnity insurance
Question 15
A company's marketing mix consists of?
A. Product, Price, Place, Promotion
B. Product, Price, Place, People
C. Product, Price, Promotion, Place
D. Product, Price, People, Place

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