- 1. A person who buys a product for his or her consumption is know as __________.
A) Agency
B) Retail
C) Wholesale
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) Physical counting
C) Turn over
D) Stock taking
- 3. _________ is the banker's bank.
A) Mortgage bank
B) Commercial bank
C) World bank
D) Central bank
- 4. All these are components of business studies except ___________.
A) Shorthand
B) Office practice
C) Geography
D) Commerce
- 5. Balance extracted from the ledger account are used to prepare __________.
A) Cash account
B) Balance sheet
C) Trail balance
D) Trading account
- 6. _________ is the reduction in the price of goods in order to encourage customers to buy large quantities.
A) Liabilities
B) Discount
C) Promotion
D) Loan
- 7. Labour is rewarded in __________.
A) Capital
B) Wages
C) Interest
D) Rent
- 8. An office material in which personal data of staff are kept is called _________.
A) Shelf
B) Cupboard
C) Wood box
D) Cabinet
- 9. A girl bought 50 biros at #30:00 each. How much would she pay for all?
A) #1500:00
B) #100:00
C) #1,000:00
D) #150:00
- 10. Production is ________.
A) Buying
B) Creating of utilities
C) Purchasing of goods
D) Satisfaction
- 11. The death of owner may end _________ business.
A) Join stock
B) Co-operative
C) Sole trader
D) Partnership
- 12. The ledger account is divided vertically into ___________.
A) 4
B) 5
C) 3
D) 2
- 13. Exchange of goods for goods is called ___________.
A) Trade
B) Buys
C) Sales
D) Trade by barter
- 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) Current assets
C) Tangible asset
D) Fixed asset
- 16. All these are natural products except _________.
A) Cocoa
B) Timber
C) Groundnut
D) Shoes
- 17. There are ________ types of foreign trade.
A) 4
B) 2
C) 3
D) 5
- 18. An office machine used to add figure together is called ___________.
A) Typewriter
B) Porch
C) Sharpener
D) Calculator
- 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) 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) Business letter
C) Request letter
D) Admission 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) 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) Gross pay
B) Net pay
C) Total pay
D) Fill pay
- 26. Which of the following is not an extractive occupation?
A) Forest
B) Dentistry
C) Mining
D) Farming
- 27. Shorthand is written according to __________.
A) Phonetics
B) Spelling
C) Noise
D) Vowels
- 28. The part of typewriter depressed to create space between words is called ___________.
A) Space bar
B) Paper bail
C) Tabulator
D) Margin
- 29. The net profit is calculated in the ________.
A) Trading account
B) Profit and loss
C) Cash account
D) Balance sheet
- 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) Double column cash book
B) Petty cash book
C) Journal
D) One column cash book
- 32. Consonant 'p' in pitman shorthand is represented by _________ stroke.
A) Light
B) Thin
C) Heavy
D) Small
- 33. In the feature of market, there must be a _________.
A) Gold and silver
B) Coins
C) Buyer and seller
D) Pencil and biro
- 34. The role of advertising is to ____________.
A) Persuade customer
B) Hide the goods
C) Transportation
D) To spread the goods
- 35. When a vowel comes before a consonant in pitman shorthand,it is place _________.
A) Before the stroke
B) Behind the stroke
C) Through the stroke
D) After the stroke
- 36. All the following are documents used I. Wages office except __________.
A) Time card
B) Payslip
C) Payroll
D) Cataloi
- 37. The profile which is paid to the shareholders of a company is known as __________.
A) Divided
B) Dividend
C) Right
D) Bond
- 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) Production
B) Promptness
C) Promotion
D) Interest
- 40. All these are personal qualities of clerk except _________.
A) Good secondary school
B) Neatness
C) Ability to assign people to work
D) Ability to deal with people
- 41. Return inward book is also known as __________.
A) Purchase return
B) Purchase journals
C) Return outward
D) Sales return
- 42. Things bought are called purchases while those sold are called?
A) Discount
B) Trade
C) Sales
D) Salary
- 43. Which of the following is not a commercial bank?
A) Central bank
B) Union bank
C) Skye bank
D) Wema bank
- 44. Division of labour _________ output.
A) Disallows
B) Releases
C) Increases
D) Decreases
- 45. A business card is also known as ________.
A) Office card
B) Introductory card
C) Identity card
D) Holder's card
- 46. A document which shows the full details of worker's pay is called _________.
A) Store record
B) Pay slip
C) Pay roll
D) Voucher
- 47. _________ are asset that are not permanent in nature?
A) Tangible asset
B) Current assets
C) Fixed asset
D) Liabilities
- 48. The two kinds of partners are _________ .
A) Fixed and rotating
B) Passive and active
C) Risk and social
D) Ordinary and limited
- 49. All there are natural product except _______.
A) Shoes
B) Timber
C) Cocoa
D) Groundnut
- 50. All of the following are means of advertising except ________.
A) Television
B) Traveling
C) Newspaper
D) Bill board
- 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) Office pin
B) Perforator
C) Stapler
D) Gum
- 53. The central point if an organization is an _________.
A) Market
B) Shop
C) Office
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) Educative
C) Mass
D) Informative
- 55. ___________ is like the picture of all items in the store.
A) Stock record card
B) Delivery
C) Gatepass
D) Delivery
- 56. A public liability company can be formed by a minimum of __________ people.
A) Fifty
B) Seven
C) Twenty
D) Ten
- 57. ________ is an evidence of payment.
A) Receipt
B) Payslip
C) Invoice
D) Cheque
- 58. ___________ are arranged according to the letter of the Alphabet?
A) Subject filing
B) Alphabetical filling
C) Numerical filling
D) Geographical filing
- 59. One of the function of the central bank of Nigeria is to __________.
A) Print naira note and mint Kobo coin.
B) Print passport photographys
C) Carry money from Lagos to Abeokuta
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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