- 1. A person who buys a product for his or her consumption is know as __________.
A) Wholesale
B) Agency
C) Retail
D) Consumer
- 2. The physical counting of goods in the store and comparing them with the figure in the book is _________.
A) Bin card
B) Turn over
C) Stock taking
D) Physical counting
- 3. _________ is the banker's bank.
A) Mortgage bank
B) World bank
C) Central bank
D) Commercial bank
- 4. All these are components of business studies except ___________.
A) Geography
B) Commerce
C) Shorthand
D) Office practice
- 5. Balance extracted from the ledger account are used to prepare __________.
A) Trail balance
B) Trading account
C) Balance sheet
D) Cash account
- 6. _________ is the reduction in the price of goods in order to encourage customers to buy large quantities.
A) Promotion
B) Liabilities
C) Discount
D) Loan
- 7. Labour is rewarded in __________.
A) Rent
B) Wages
C) Capital
D) Interest
- 8. An office material in which personal data of staff are kept is called _________.
A) Cupboard
B) Cabinet
C) Shelf
D) Wood box
- 9. A girl bought 50 biros at #30:00 each. How much would she pay for all?
A) #150:00
B) #100:00
C) #1,000:00
D) #1500:00
- 10. Production is ________.
A) Creating of utilities
B) Purchasing of goods
C) Satisfaction
D) Buying
- 11. The death of owner may end _________ business.
A) Co-operative
B) Join stock
C) Sole trader
D) Partnership
- 12. The ledger account is divided vertically into ___________.
A) 5
B) 4
C) 2
D) 3
- 13. Exchange of goods for goods is called ___________.
A) Sales
B) Trade
C) Trade by barter
D) Buys
- 14. Things bought are called purchases while those sold are called ________.
A) Trade
B) Sales
C) Discount
D) Salary
- 15. ___________ are asset that are not permanent in nature.
A) Liability
B) Tangible asset
C) Current assets
D) Fixed asset
- 16. All these are natural products except _________.
A) Shoes
B) Timber
C) Cocoa
D) Groundnut
- 17. There are ________ types of foreign trade.
A) 5
B) 3
C) 2
D) 4
- 18. An office machine used to add figure together is called ___________.
A) Calculator
B) Porch
C) Typewriter
D) Sharpener
- 19. Which of these is not an e - banking payment method?
A) Value
B) ATM
C) Auto play
D) Money order
- 20. The method by which duties are carried out in respect of the performance of business activities of an organization is called _________.
A) Service render
B) Office performance
C) Business studies
D) Office procedure
- 21. _________ is a situation in which important information must be kept secret .
A) Case study
B) Confidentiality
C) Security
D) Decument
- 22. _________ is a letter from one company to another or between an organization and its customers or client.
A) Application letter
B) Business letter
C) Admission letter
D) Request letter
- 23. The coordinator of all other factors of production is ________.
A) Capital
B) Land
C) Labour
D) Entrepreneur
- 24. All there are documents handled by a good receptionist except _________.
A) Telephone message pad
B) Diary
C) Class attendance registered
D) Visitors book
- 25. The actual salary of a worker after deduction has been made is known as __________.
A) Net pay
B) Total pay
C) Gross pay
D) Fill pay
- 26. Which of the following is not an extractive occupation?
A) Mining
B) Farming
C) Dentistry
D) Forest
- 27. Shorthand is written according to __________.
A) Phonetics
B) Spelling
C) Vowels
D) Noise
- 28. The part of typewriter depressed to create space between words is called ___________.
A) Tabulator
B) Paper bail
C) Margin
D) Space bar
- 29. The net profit is calculated in the ________.
A) Cash account
B) Profit and loss
C) Trading account
D) Balance sheet
- 30. A document that is written by the seller whenever the buyer has been undercharged is called _________.
A) Return inward
B) Debit note
C) Credit note
D) Invoice
- 31. One of the cash book meant for recording cash and cheque transaction is __________.
A) Double column cash book
B) One column cash book
C) Petty cash book
D) Journal
- 32. Consonant 'p' in pitman shorthand is represented by _________ stroke.
A) Thin
B) Small
C) Light
D) Heavy
- 33. In the feature of market, there must be a _________.
A) Gold and silver
B) Buyer and seller
C) Coins
D) Pencil and biro
- 34. The role of advertising is to ____________.
A) To spread the goods
B) Hide the goods
C) Transportation
D) Persuade customer
- 35. When a vowel comes before a consonant in pitman shorthand,it is place _________.
A) After the stroke
B) Through the stroke
C) Behind the stroke
D) Before the stroke
- 36. All the following are documents used I. Wages office except __________.
A) Payslip
B) Payroll
C) Cataloi
D) Time card
- 37. The profile which is paid to the shareholders of a company is known as __________.
A) Divided
B) Right
C) Bond
D) Dividend
- 38. Methods of buying do not include _________.
A) Auction
B) Inspection
C) Leaflet
D) Sample
- 39. _______ is a reward for being punctual and regular at work in an organization .
A) Production
B) Interest
C) Promotion
D) Promptness
- 40. All these are personal qualities of clerk except _________.
A) Ability to deal with people
B) Ability to assign people to work
C) Good secondary school
D) Neatness
- 41. Return inward book is also known as __________.
A) Sales return
B) Purchase return
C) Purchase journals
D) Return outward
- 42. Things bought are called purchases while those sold are called?
A) Salary
B) Sales
C) Discount
D) Trade
- 43. Which of the following is not a commercial bank?
A) Skye bank
B) Wema bank
C) Central bank
D) Union bank
- 44. Division of labour _________ output.
A) Releases
B) Disallows
C) Decreases
D) Increases
- 45. A business card is also known as ________.
A) Identity card
B) Office card
C) Introductory card
D) Holder's card
- 46. A document which shows the full details of worker's pay is called _________.
A) Pay slip
B) Pay roll
C) Voucher
D) Store record
- 47. _________ are asset that are not permanent in nature?
A) Liabilities
B) Tangible asset
C) Fixed asset
D) Current assets
- 48. The two kinds of partners are _________ .
A) Ordinary and limited
B) Passive and active
C) Risk and social
D) Fixed and rotating
- 49. All there are natural product except _______.
A) Cocoa
B) Shoes
C) Timber
D) Groundnut
- 50. All of the following are means of advertising except ________.
A) Traveling
B) Television
C) Bill board
D) Newspaper
- 51. The fastest means of transportation is _________.
A) Water
B) Pipeline
C) Air
D) Land
- 52. An office equipment use to fasten several loose papers together is called __________.
A) Perforator
B) Gum
C) Stapler
D) Office pin
- 53. The central point if an organization is an _________.
A) Office
B) Market
C) Shop
D) School
- 54. __________advertising is designed to convince or persuade more customers to buy a particular product at the expenses of other product.
A) Competitive
B) Informative
C) Mass
D) Educative
- 55. ___________ is like the picture of all items in the store.
A) Delivery
B) Delivery
C) Stock record card
D) Gatepass
- 56. A public liability company can be formed by a minimum of __________ people.
A) Seven
B) Ten
C) Fifty
D) Twenty
- 57. ________ is an evidence of payment.
A) Payslip
B) Invoice
C) Receipt
D) Cheque
- 58. ___________ are arranged according to the letter of the Alphabet?
A) Alphabetical filling
B) Subject filing
C) Geographical filing
D) Numerical filling
- 59. One of the function of the central bank of Nigeria is to __________.
A) Give loan to traders
B) Carry money from Lagos to Abeokuta
C) Print naira note and mint Kobo coin.
D) Print passport photographys
- 60. The last link on the chain of production is the ____________.
A) Transporter
B) Wholesaler
C) Consumer
D) Manufacturer
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