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