AIC Exam Business Studies JS 2 for 2nd Term 2022/23
  • 1. ____________ is a document issued to the buyer by the seller showing the amount paid for goods bought.
A) Received
B) Credit note
C) Receipt
D) Debit
  • 2. __________ is legal proof of payment.
A) Order form
B) Purchase document
C) Recipient
D) Receipt
  • 3. There are ______ main types of office documents.
A) three
B) two
C) four
D) six
  • 4. _______ are documents used in keeping records of all sales transactions
A) Sales documents
B) No idea
C) Receipt documents
D) Order form documents
  • 5. ____________ is mainly divided into trade and aids to trade
A) Transport
B) Production
C) Commerce
D) Sales
  • 6. Which of the following involves buying and selling?
A) Communication
B) Tourism
C) Trade
D) Banking
  • 7. Aids to trade means
A) Foreign trade
B) Commerce
C) Retail trade
D) The services that facilitate trade
  • 8. Trade is subdivided into home trade and
A) Ghana trade
B) foreign trade
C) Britain trade
D) American trade
  • 9. Which of the following brings the buyer and seller together.
A) Transport
B) Soccer
C) Tourism
D) Trade
  • 10. ______________ is the re- exporting of goods already brought into a country without further processing.
A) Export
B) Import
C) Entrepot
D) Internal trade
  • 11. ____________ is the kind of buying and selling between two or more countries.
A) Retail trade
B) Foreign trade
C) Wholesale trade
D) All of the above
  • 12. ____________ is the selling of the goods and services to other countries.
A) Export
B) Home trade
C) Import
D) Entrepot
  • 13. ____________ involves the movement of people, goods and services to where they are needed.
A) Communication
B) Advertising
C) Tourism
D) Transportation
  • 14. _________ is a service provided by media organizations to enable prospective consumers know all about the products.
A) Advertising
B) Tourism
C) Banking
D) Communication
  • 15. ____________ is the buying and selling of goods and services on the Internet.
A) Z- commerce
B) C- commerce
C) A- commerce
D) E- commerce
  • 16. _____________ is a place place specially prepared to keep goods before they are distributed to various business organizations.
A) Room
B) Classroom
C) Warehouse
D) An abandoned room
  • 17. International trade is subdivided into
A) four
B) three
C) five
D) two
  • 18. ______________ involves buying in small quantities and selling it in bit or unit to the final consumers
A) Wholesale Trade
B) Consumer Trade
C) Producer Trade
D) Retail Trade
  • 19. Automated Teller Machine( ATM) and Point of Sale(POS) machine are examples
A) Storehouse
B) Electronic Commerce
C) Transportation
D) Warehousing
  • 20. ______________ is the business of providing services such as transport, accommodation, and entertainment for people who are on holidays
A) Insurance
B) Advertising
C) Communication
D) Tourism
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