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