POST UTME UNIPORT 2020 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A firm's marketing strategy involves creating a product that is perceived as having a unique value proposition. This approach is an example of which of the following marketing strategies?
A. Product Differentiation
B. Market Segmentation
C. Target Marketing
D. Positioning
Question 2
A company is considering two marketing strategies: Strategy A involves a high initial investment in advertising, while Strategy B involves a lower initial investment but higher ongoing costs. Which strategy would you recommend if the company's objective is to maximize short-term profits?
A. Strategy A
B. Strategy B
C. Both strategies are equally effective
D. Neither strategy is effective
Question 3
A company's stock is valued at ₦100 per share. If the company issues 10,000 shares, what is the total value of the stock?
A. ₦1 million
B. ₦1.5 million
C. ₦2 million
D. ₦2.5 million
Question 4
A company's financial statements show that its total assets increased by 15% and its total liabilities increased by 10% over the past year. If the company's initial total assets were ₦100 million, what is its current total assets?
A. ₦115 million
B. ₦120 million
C. ₦125 million
D. ₦130 million
Question 5
A company's revenue is ₦10 million, and its cost of goods sold is ₦6 million. What is the company's gross profit?
A. ₦2 million
B. ₦3 million
C. ₦4 million
D. ₦5 million
Question 6
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 50 units of wheat and 200 units of cloth.
Question 7
A company is considering two different pricing strategies for its product. Strategy A involves pricing the product at ₦100 per unit, while Strategy B involves pricing the product at ₦120 per unit. Which strategy should the company choose if it wants to maximize its revenue?
A. Strategy A
B. Strategy B
C. Both strategies are equally profitable
D. Neither strategy is profitable
Question 8
A firm's return on equity (ROE) is 15%. If its net income is ₦1,500,000 and its total equity is ₦10,000,000, what is the firm's net profit margin?
A. 0.15
B. 0.20
C. 0.25
D. 0.30
Question 9
The concept of 'Supply Chain Management' is most closely related to which of the following business functions?
A. Marketing
B. Finance
C. Operations
D. Human Resource
Question 10
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 producing more cars than Country B
B. Country A producing more wheat than Country B
C. Country A producing cars and Country B producing wheat
D. Country A producing wheat and Country B producing cars
Question 11
In a perfectly competitive market, the law of supply states that as the price of a good increases, the quantity supplied will
A. increase
B. decrease
C. remain constant
D. shift to the left
Question 12
A consumer purchases a product with a price of ₦5,000 and a 10% discount. What is the amount of the discount?
A. ₦500
B. ₦1,000
C. ₦1,500
D. ₦2,000
Question 13
A company has a liability of ₦1,000,000 and an asset of ₦500,000. What is the company's net worth?
A. ₦500,000
B. ₦1,000,000
C. ₦1,500,000
D. ₦2,000,000
Question 14
The concept of 'Economies of Scale' is most closely related to which of the following production strategies?
A. Mass Production
B. Batch Production
C. Job Production
D. Flexible Manufacturing
Question 15
A firm's insurance policy covers losses arising from fire, theft, and natural disasters. This type of insurance policy is an example of which of the following?
A. All-Risk Insurance
B. Fire Insurance
C. Theft Insurance
D. Liability Insurance

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: