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