POST UTME UNIPORT 2021 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A company has a production process that involves the following steps: raw material procurement, manufacturing, and packaging. If the company's production process is currently at 80% capacity, what is the maximum number of units that can be produced per hour?
A. 80 units per hour
B. 100 units per hour
C. 120 units per hour
D. 150 units per hour
Question 2
A company's balance sheet is given by Assets = ₦100,000, Liabilities = ₦50,000, and Share Capital = ₦30,000. What is the company's net worth?
A. ₦20,000
B. ₦30,000
C. ₦40,000
D. ₦50,000
Question 3
A transportation company is considering two different routes for its cargo: a road route and a rail route. The road route has a distance of 500 km and a travel time of 10 hours, while the rail route has a distance of 400 km and a travel time of 8 hours. If the company wants to minimize its transportation cost, what should it do?
A. Choose the road route
B. Choose the rail route
C. Choose neither
D. More information is needed
Question 4
A sole trader's business is considered a separate legal entity from its owner. Discuss this statement in the context of business law.
A. True
B. False
C. Depends on the jurisdiction
D. Not applicable to sole traders
Question 5
A company's financial statements are audited annually. What is the main purpose of the audit?
A. To ensure compliance with tax laws
B. To verify the accuracy of the financial statements
C. To provide an opinion on the company's creditworthiness
D. To identify areas for cost reduction
Question 6
A company is considering exporting its products to a foreign market. However, the company is concerned about the risks associated with international trade. What are some of the key risks that the company should consider?
A. Political risk, economic risk, and exchange rate risk.
B. Market risk, credit risk, and liquidity risk.
C. Currency risk, interest rate risk, and inflation risk.
D. Commodity risk, supply chain risk, and regulatory risk.
Question 7
A firm is considering two different insurance policies: Policy A, which has a premium of ₦10,000 per year, and Policy B, which has a premium of ₦20,000 per year. If the firm's current annual insurance premium is ₦15,000, what is the difference in premium between Policy A and Policy B?
A. ₦5,000
B. ₦5,000.00
C. ₦5,000.00
D. ₦5,000.00
Question 8
A company has a policy of paying its employees a bonus of 10% of their annual salary. If an employee's annual salary is ₦1,200,000, what is the bonus amount?
A. ₦120,000
B. ₦120,000.00
C. ₦120,000.00
D. ₦120,000.00
Question 9
A company's production function is given by Q = 100L^0.5K^0.5, where Q is the quantity produced, L is the number of labor hours, and K is the capital invested. If the company wants to increase its production by 20% while keeping labor hours constant at 100, how much capital should it invest?
A. ₦1250
B. ₦1500
C. ₦1750
D. ₦2000
Question 10
An insurance company is considering two different policies for its customers: a life insurance policy and a health insurance policy. The life insurance policy has a premium of 50,000 naira and a coverage of 1 million naira, while the health insurance policy has a premium of 30,000 naira and a coverage of 500,000 naira. If the company wants to maximize its profit, what should it do?
A. Choose the life insurance policy
B. Choose the health insurance policy
C. Choose neither
D. More information is needed
Question 11
A firm specializes in producing a single product, which is a type of commodity. The firm's production function is given by Q = 100L^0.5, where Q is the quantity produced and L is the labor input. If the firm hires 16 workers, what is the quantity produced?
A. 400
B. 160
C. 640
D. 80
Question 12
A marketing manager is responsible for developing a marketing plan for a new product launch. What is the main objective of the marketing plan?
A. To increase sales revenue
B. To build brand awareness
C. To identify target market segments
D. To develop a pricing strategy
Question 13
A firm is considering two different marketing strategies: Strategy A, which involves a 10% increase in advertising expenditure, and Strategy B, which involves a 5% increase in sales force. If the firm's current advertising expenditure is ₦500,000 and its current sales force is 50 employees, what is the total cost of Strategy A?
A. ₦550,000
B. ₦550,000.00
C. ₦550,000.00
D. ₦550,000.00
Question 14
A consumer protection agency has received a complaint from a customer who purchased a defective product. The product was sold with a warranty that covered defects for a period of one year. However, the product failed after six months of use. What is the agency's likely course of action?
A. The agency will require the manufacturer to replace the product.
B. The agency will require the manufacturer to provide a refund.
C. The agency will require the manufacturer to repair the product.
D. The agency will dismiss the complaint.
Question 15
A company is considering importing a raw material from a foreign supplier. However, the company is concerned about the quality of the material. What are some of the key factors that the company should consider when evaluating the quality of the material?
A. Price, delivery time, and packaging.
B. Quality certification, supplier reputation, and material testing.
C. Material specification, supplier experience, and logistics.
D. Product design, production process, and quality control.

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