POST UTME UNN 2022 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A company is considering expanding its operations to a new country. The company's international business manager has identified two potential markets: Market X and Market Y. Market X has a larger market size, but Market Y has a more favorable business environment. Which of the following international business strategies would be most effective for targeting Market Y?
A. Exporting
B. Licensing
C. Franchising
D. Joint venture
Question 2
A company is considering the use of a risk management strategy. What are the benefits of hedging?
A. Reduced risk, improved returns, and increased flexibility
B. Increased risk, reduced returns, and decreased flexibility
C. Improved cash flow, reduced debt, and increased liquidity
D. Reduced cash flow, increased debt, and decreased liquidity
Question 3
A bank offers a 10% interest rate on deposits. If a customer deposits ₦100,000 for 5 years, how much interest will the customer earn?
A. ₦50,000
B. ₦60,000
C. ₦70,000
D. ₦80,000
Question 4
A company is planning to launch a new product. What is the primary goal of the product life cycle?
A. To create a unique selling proposition
B. To differentiate the product from competitors
C. To position the product in the market
D. To promote the product to the target audience
Question 5
A sole trader's business is registered under the Companies and Allied Matters Act (CAMA) 2020. Which of the following is a characteristic of a sole trader?
A. Limited liability
B. Unlimited liability
C. Separate legal entity
D. No partnership
Question 6
A company is planning to launch a new product. What is the primary goal of the advertising campaign?
A. To create awareness and generate interest
B. To build brand loyalty and retention
C. To drive sales and revenue growth
D. To improve customer satisfaction and retention
Question 7
A warehouse is using a first-in, first-out (FIFO) inventory system. If the warehouse has 100 units of Item A and 50 units of Item B, and the cost of Item A is ₦100 per unit and the cost of Item B is ₦200 per unit, what is the total value of the inventory?
A. ₦15,000
B. ₦20,000
C. ₦25,000
D. ₦30,000
Question 8
A company is considering producing a new product. Which of the following is a key consideration when deciding whether to produce the product?
A. The company's production costs
B. The company's market share in the domestic market
C. The company's ability to adapt to changing market conditions
D. The company's financial resources
Question 9
A firm's break-even point is ₦50,000. If the selling price is ₦100,000 and the fixed costs are ₦20,000, what is the contribution margin?
A. ₦30,000
B. ₦20,000
C. ₦40,000
D. ₦60,000
Question 10
A company is considering the use of a logistics provider. What are the benefits of outsourcing logistics?
A. Reduced transportation costs, improved delivery times, and increased flexibility
B. Increased transportation costs, reduced delivery times, and decreased flexibility
C. Improved inventory management, reduced lead times, and increased customer satisfaction
D. Reduced inventory management, increased lead times, and decreased customer satisfaction
Question 11
A company has a 10% dividend yield on its shares. If the current market price of the shares is ₦100, what is the expected dividend payment per share?
A. ₦10
B. ₦12
C. ₦15
D. ₦20
Question 12
A bank is considering lending money to a customer. Which of the following is a key factor to consider when determining whether to lend the money?
A. The customer's credit history
B. The customer's income
C. The customer's debt-to-income ratio
D. The customer's employment status
Question 13
A company is considering using a transportation mode that is more environmentally friendly. The company's logistics manager has identified two potential options: Option A and Option B. Option A has a higher cost per unit but is more environmentally friendly, while Option B has a lower cost per unit but is less environmentally friendly. Which of the following transportation modes would be most effective for Option A?
A. Rail
B. Truck
C. Ship
D. Air
Question 14
A firm's marketing strategy involves a mix of product, price, promotion, and place. Which of the following is NOT a key element of the marketing mix?
A. Product
B. Price
C. Place
D. Research
Question 15
A company is considering the use of a risk management strategy. What are the benefits of diversification?
A. Reduced risk, improved returns, and increased flexibility
B. Increased risk, reduced returns, and decreased flexibility
C. Improved cash flow, reduced debt, and increased liquidity
D. Reduced cash flow, increased debt, and decreased liquidity

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