POST UTME UNIPORT 2019 Commerce | Objective

Are you preparing for POST UTME UNIPORT exams? Reviewing past questions is one of the most effective ways to guarantee a high score. This practice hub features authentic 2019 Commerce (Objective) questions designed to simulate the real exam environment.

Practice these randomly selected questions to test your readiness.

Question 1
A firm's marketing strategy involves creating a unique selling proposition (USP) to differentiate its product from competitors. What is the primary purpose of a USP?
A. To increase brand awareness
Correct B. To create a perceived value for the product
C. To reduce production costs
D. To increase market share

Correct Answer: B

Want to see the full step-by-step solution? Unlock AI Explanation & Analytics
Question 2
A consumer purchases a product online and receives a defective item. The consumer files a complaint with the online retailer, but the retailer refuses to provide a refund or replacement. What law protects consumers in this situation?
Correct A. The Consumer Protection Act
B. The Nigerian Consumer Protection Council Act
C. The Electronic Commerce Act
D. The Online Retailer's Code of Conduct

Correct Answer: A

Want to see the full step-by-step solution? Unlock AI Explanation & Analytics
Question 3
A company uses a third-party logistics provider to manage its supply chain. What is the primary benefit of using a third-party logistics provider?
A. Reduced transportation costs
B. Improved inventory management
Correct C. Increased flexibility in supply chain operations
D. Enhanced customer service

Correct Answer: C

Want to see the full step-by-step solution? Unlock AI Explanation & Analytics
Question 4
A firm's production process involves the use of a machine that requires regular maintenance to ensure optimal performance. What is the primary purpose of maintenance in this context?
A. To reduce production costs
B. To increase product quality
Correct C. To improve machine efficiency
D. To reduce waste

Correct Answer: C

Want to see the full step-by-step solution? Unlock AI Explanation & Analytics
Question 5
A company's marketing strategy involves the use of social media to engage with customers. What is the primary benefit of using social media in this context?
A. Increased brand awareness
Correct B. Improved customer engagement
C. Enhanced customer service
D. Increased sales

Correct Answer: B

Want to see the full step-by-step solution? Unlock AI Explanation & Analytics
Question 6
A consumer protection agency has been established to regulate the activities of a company that produces and sells a product. The agency has discovered that the company has been engaging in unfair business practices, including false advertising and misleading labeling. The agency has issued a warning to the company and has ordered it to cease and desist from such practices. However, the company has refused to comply. What is the next step that the agency should take?
Correct A. File a lawsuit against the company
B. Impose a fine on the company
C. Order the company to recall the product
D. Suspend the company's license to operate

Correct Answer: A

Want to see the full step-by-step solution? Unlock AI Explanation & Analytics
Question 7
A firm is considering two different production processes for a new product. Process A requires an initial investment of ₦1,000,000 and produces 10,000 units per month, while Process B requires an initial investment of ₦500,000 and produces 5,000 units per month. If the firm expects to sell the product at ₦100 per unit, what is the break-even point for each process?
A. Process A: 5,000 units, Process B: 10,000 units
Correct B. Process A: 10,000 units, Process B: 5,000 units
C. Process A: 20,000 units, Process B: 15,000 units
D. Process A: 15,000 units, Process B: 20,000 units

Correct Answer: B

Want to see the full step-by-step solution? Unlock AI Explanation & Analytics
Question 8
A bank has a vault that can hold up to ₦10,000,000 in cash. The bank has a policy of keeping 20% of the cash in the vault and the rest in a safe deposit box. If the bank has ₦8,000,000 in cash, how much of it is in the vault?
Correct A. ₦1,600,000
B. ₦2,000,000
C. ₦3,200,000
D. ₦4,800,000

Correct Answer: A

Want to see the full step-by-step solution? Unlock AI Explanation & Analytics
Question 9
A firm is considering two different marketing strategies for a new product. Strategy A involves a high level of advertising and promotion, while Strategy B involves a low level of advertising and promotion. If the firm expects to sell 10,000 units of the product per month, what is the total revenue for each strategy if the product sells for ₦100 per unit?
Correct A. Strategy A: ₦1,000,000, Strategy B: ₦500,000
B. Strategy A: ₦500,000, Strategy B: ₦1,000,000
C. Strategy A: ₦750,000, Strategy B: ₦250,000
D. Strategy A: ₦250,000, Strategy B: ₦750,000

Correct Answer: A

Want to see the full step-by-step solution? Unlock AI Explanation & Analytics
Question 10
A firm has a warehouse that can hold up to 10,000 units of a product. The firm has a policy of keeping 20% of the product in the warehouse and the rest in a distribution center. If the firm has 8,000 units of the product, how much of it is in the warehouse?
Correct A. 1,600 units
B. 2,000 units
C. 3,200 units
D. 4,800 units

Correct Answer: A

Want to see the full step-by-step solution? Unlock AI Explanation & Analytics
Question 11
A company's financial statements are audited annually by an independent auditor. Which of the following is a primary benefit of this process?
A. Improved financial reporting
Correct B. Enhanced corporate governance
C. Increased regulatory compliance
D. Better risk management

Correct Answer: B

Want to see the full step-by-step solution? Unlock AI Explanation & Analytics
Question 12
A sole trader's business is affected by the following factors: market conditions, government policies, and technological advancements. Which of the following is a characteristic of this business?
A. High level of risk
B. Low level of control
Correct C. High level of flexibility
D. Low level of adaptability

Correct Answer: C

Want to see the full step-by-step solution? Unlock AI Explanation & Analytics
Question 13
A company's marketing strategy involves creating a brand identity through advertising and promotional activities. Which of the following is a key element of this strategy?
A. Product differentiation
B. Price competition
Correct C. Brand positioning
D. Market segmentation

Correct Answer: C

Want to see the full step-by-step solution? Unlock AI Explanation & Analytics
Question 14
A foreign trade agreement between two countries involves the exchange of goods and services. Which of the following is a benefit of this agreement?
A. Increased trade barriers
Correct B. Improved economic efficiency
C. Enhanced political stability
D. Reduced economic growth

Correct Answer: B

Want to see the full step-by-step solution? Unlock AI Explanation & Analytics
Question 15
A company's insurance policy covers losses due to natural disasters. Which of the following is a type of risk that this policy covers?
A. Operational risk
B. Financial risk
C. Strategic risk
Correct D. Natural disaster risk

Correct Answer: D

Want to see the full step-by-step solution? Unlock AI Explanation & Analytics
Question 16
A company's sole trader has a business that generates an average annual revenue of ₦12,000,000. If the sole trader's tax rate is 25%, and the company has a 10% profit margin, what is the sole trader's net profit after tax?
A. ₦1,200,000
Correct B. ₦2,400,000
C. ₦3,600,000
D. ₦4,800,000

Correct Answer: B

Want to see the full step-by-step solution? Unlock AI Explanation & Analytics
Question 17
A foreign trade agreement between two countries involves the exchange of goods worth ₦10,000,000. If the exchange rate is 1 USD = ₦500, what is the equivalent value of the goods in USD?
A. ₦20,000
B. ₦50,000
Correct C. ₦100,000
D. ₦200,000

Correct Answer: C

Want to see the full step-by-step solution? Unlock AI Explanation & Analytics
Question 18
A company's business units are organized into a hierarchical structure. If the company has 5 departments, each with 3 sub-departments, and each sub-department has 2 teams, how many teams are there in total?
A. 15
B. 30
Correct C. 45
D. 60

Correct Answer: C

Want to see the full step-by-step solution? Unlock AI Explanation & Analytics
Question 19
A consumer protection law requires that all products sold in a country must meet certain safety standards. If a product fails to meet these standards, the manufacturer is liable for any damages caused to the consumer. What is the purpose of this law?
A. To protect the environment
B. To promote fair trade practices
Correct C. To ensure consumer safety
D. To regulate business operations

Correct Answer: C

Want to see the full step-by-step solution? Unlock AI Explanation & Analytics
Question 20
A company's insurance policy covers losses due to natural disasters. If the company's annual premium is ₦500,000, and the probability of a natural disaster occurring is 0.05, what is the expected value of the insurance policy?
A. ₦25,000
B. ₦50,000
Correct C. ₦75,000
D. ₦100,000

Correct Answer: C

Want to see the full step-by-step solution? Unlock AI Explanation & Analytics
Question 21
In a sole trade business, the owner's personal assets are not protected from business liabilities. What is the name of this business structure?
Correct A. Sole Proprietorship
B. Partnership
C. Limited Liability Company
D. Cooperative Society

Correct Answer: A

Want to see the full step-by-step solution? Unlock AI Explanation & Analytics
Question 22
A company's articles of association may be altered by a special resolution passed by a 75% majority of its shareholders. What is the name of this type of resolution?
A. Ordinary Resolution
Correct B. Special Resolution
C. Extraordinary Resolution
D. Emergency Resolution

Correct Answer: B

Want to see the full step-by-step solution? Unlock AI Explanation & Analytics
Question 23
A warehouse manager wants to minimize stockouts while maintaining a reasonable level of inventory. Which inventory control technique would she use?
A. Just-In-Time (JIT) Inventory System
Correct B. Economic Order Quantity (EOQ) Model
C. Safety Stock
D. Vendor-Managed Inventory (VMI)

Correct Answer: B

Want to see the full step-by-step solution? Unlock AI Explanation & Analytics
Question 24
A consumer protection law requires that all goods sold in a market must be accompanied by a warranty. What is the purpose of this warranty?
Correct A. To protect the consumer from defective products
B. To ensure the product meets industry standards
C. To provide a guarantee of product quality
D. To promote fair competition among sellers

Correct Answer: A

Want to see the full step-by-step solution? Unlock AI Explanation & Analytics
Question 25
A company's transport manager wants to reduce fuel consumption while maintaining delivery schedules. Which mode of transportation would she choose?
A. Truck
Correct B. Train
C. Ship
D. Airplane

Correct Answer: B

Want to see the full step-by-step solution? Unlock AI Explanation & Analytics

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Help others prepare! Share this practice hub:
Chat with Support