POST UTME UNN 2024 Commerce | Objective

Practice these randomly selected questions to test your readiness.

Question 1
A company's marketing strategy involves a 4Ps approach. Which of the following is NOT one of the 4 Ps?
A. Product
B. Price
C. Promotion
D. Place
Question 2
A company has a capital structure consisting of 60% debt and 40% equity. If the company's cost of debt is 8% and the cost of equity is 12%, what is the company's weighted average cost of capital (WACC)?
A. 6%
B. 7%
C. 8%
D. 9%
Question 3
A bank's cash reserve requirement is 10% of its total deposits. If the bank has ₦10,000,000 in deposits, how much cash must it reserve?
A. ₦1,000,000
B. ₦1,500,000
C. ₦2,000,000
D. ₦2,500,000
Question 4
In a just-in-time (JIT) inventory system, what is the primary goal of the warehouse manager?
A. To minimize inventory costs
B. To maximize storage capacity
C. To reduce lead times
D. To increase inventory turnover
Question 5
A marketing manager is tasked with creating a social media campaign to promote a new product. What is the primary goal of this campaign?
A. Increase brand awareness
B. Generate leads
C. Drive sales
D. Enhance customer engagement
Question 6
In a sole trader business, what is the primary advantage of using a sole proprietorship structure?
A. Limited liability
B. Unlimited liability
C. Tax benefits
D. Flexibility in decision-making
Question 7
A bank's interest rate is 12% per annum. If a customer deposits ₦10,000 for 1 year, how much interest will they earn?
A. ₦1,200
B. ₦1,200.00
C. ₦1,200.00
D. ₦1,200.00
Question 8
A company imports goods worth ₦1,000,000 from a foreign country. If the exchange rate is 1 USD = 400 NGN, how much is the import worth in USD?
A. 2,500
B. 2,500.00
C. 2,500.00 USD
D. 2,500.00 USD
Question 9
A transport company offers a 10% discount on its services for customers who pay upfront. If a customer pays ₦10,000 upfront, what is the amount they will pay after the discount?
A. ₦9,000
B. ₦9,500
C. ₦10,000
D. ₦10,500
Question 10
A company's marketing strategy involves a 20% discount on all products for the first 100 customers. If a product originally costs ₦5,000, how much will a customer pay if they are one of the first 100 customers?
A. ₦4,000
B. ₦4,500
C. ₦5,000
D. ₦5,500
Question 11
A business is considering entering into a contract with a supplier. The contract specifies that the supplier will deliver goods to the business within 30 days of receipt of payment. Which of the following is a type of risk that the business is exposed to?
A. Credit risk
B. Market risk
C. Operational risk
D. Reputational risk
Question 12
A company has a warehouse with a capacity of 10,000 units. The company receives an order for 5,000 units. What is the minimum number of pallets required to fulfill the order?
A. 2
B. 3
C. 4
D. 5
Question 13
A company uses a just-in-time (JIT) inventory system. What is the primary benefit of JIT?
A. Reduced inventory costs
B. Improved product quality
C. Increased efficiency
D. All of the above
Question 14
A company is considering outsourcing some of its production activities to a foreign supplier. The company's management team has identified several potential suppliers, but they are unsure which one to choose. What is the most appropriate method for the company to use to make this decision?
A. The company should conduct a cost-benefit analysis to compare the costs and benefits of each supplier.
B. The company should conduct a SWOT analysis to identify the strengths, weaknesses, opportunities, and threats of each supplier.
C. The company should conduct a market research study to gather data on the demand for the company's products in each supplier's country.
D. The company should conduct a feasibility study to determine whether each supplier is feasible for the company's operations.
Question 15
A sole trader's business is characterized by the following features: unlimited liability, complete control, and unlimited capacity to contract. Which of the following is NOT a characteristic of a sole trader?
A. Unlimited liability
B. Complete control
C. Unlimited capacity to contract
D. Separate legal entity

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