JSS2 Bus stud 3rd Term Exam 2025
  • 1. 1. What is personal finance
A) Income received by an individual for personal or business use
B) All money spent on business deals
C) Income received by an individual for either consumption or savings
D) Income received by a company
  • 2. 2. What does the 'S' in SWOT analysis stand for
A) Society
B) System
C) Strengths
D) School
  • 3. 3. Which of these is an example of personal care necessity
A) Toothpaste
B) Air conditioner
C) Tablet phone
D) Diamond ring
  • 4. 4. What is a complaint
A) A suggestion for improvement
B) An expression of dissatisfaction
C) A compliment
D) A statement of satisfaction
  • 5. 5. What does the 'T' in SWOT analysis stand for
A) Threats
B) Trends
C) Transaction
D) Transportation
  • 6. 6. What does consumer redress mean
A) Making consumers pay extra
B) Setting right a wrong done to a consumer
C) Returning goods to the manufacturer
D) Selling back goods
  • 7. 7. Which of the following is a justified complaint
A) Complaining for no reason
B) Complaining because the product looks cheap
C) Complaining after trying all suggested solutions
D) Complaining without using the product
  • 8. 8. Which of the following is an example of a business weakness
A) Customer loyalty
B) High absenteeism
C) Emerging new markets
D) Improved road networks
  • 9. 9. Which of the following is NOT a type of redress
A) Social redress
B) Civil redress
C) Administrative redress
D) Criminal redress
  • 10. 10. What is an unjustified complaint
A) Complaint with valid reason
B) Complaint after use
C) Complaint with no fair basis
D) Complaint with evidence
  • 11. 11. SWOT analysis is used to identify the following EXCEPT
A) Threats
B) Strengths
C) Transactions
D) Weaknesses
E) Opportunities
  • 12. 12. What is the first step in seeking redress
A) Demand for compensation instantly
B) Take the matter to court immediately
C) Call the company CEO
D) Report what happened as soon as possible
  • 13. 13. A verbal complaint is lodged when the complainant____
A) Meets a business representative face to face
B) Sends a mail
C) Calls the manager
D) Writes a letter
  • 14. 14. One way of lodging a complaint is by____
A) Destroying the product
B) Making a phone call
C) Sending money
D) Sending a product
  • 15. 15. Which factor is external and helps a business achieve its goals?
A) Strength
B) Weakness
C) Threat
D) Opportunity
  • 16. 16. Why is providing redress important to a company?
A) It increases product expiry
B) It boosts the company’s public image
C) It allows price increase
D) It reduces production cost
  • 17. 17. What does the secretariat do after verifying complaint information?
A) Destroys the report
B) Dismisses the complaint
C) Sends a summary to PIC members
D) Returns it to the complainant
  • 18. 18. What happens when two countries respond to the PIC secretariat?
A) The case is sent to the chemical review committee
B) The case is ignored
C) The secretariat closes the case
D) A meeting is canceled
  • 19. 19. A new competitor opening a shop nearby is an example of a:
A) Opportunity
B) Strength
C) Threat
D) Weakness
  • 20. 20. An example of a law enforcement agency involved in consumer protection is
A) NCC
B) FRSC
C) SON
D) CPC
  • 21. 21. Why are harmful chemicals banned?
A) They are imported
B) They are used in schools
C) They are cheap
D) They are dangerous to health and the environment
  • 22. 22. Which of the following is not a weakness of a business?
A) Incompetent managers
B) Substandard products
C) Poor marketing
D) Customer satisfaction
  • 23. 23. Which of the following is true about administrative redress?
A) It is used only when there is no receipt
B) It is for criminal cases only
C) It involves filing a lawsuit
D) It can be granted without going to court
  • 24. 24. Why is SWOT analysis important for businesses
A) To identify internal and external factors affecting business
B) To identify competition
C) To replace business goals
D) To increase customer prices
  • 25. 25. Which of the following is not a reason for banning chemicals?
A) They increase productivity
B) They are flammable
C) They are corrosive
D) They cause birth defects
  • 26. 26. How does providing redress reduce litigation?
A) It increases court time
B) It resolves issues easily before they get to court
C) It creates more business problems
D) It removes consumer rights
  • 27. 27. One benefit of resolving complaints is____
A) It reduces product quality
B) It leads to improved customer loyalty
C) It increases complaints
D) It wastes time
  • 28. 28. Which of the following is a strength of a business?
A) Strong customer base
B) Bad customer service
C) New government policy
D) Improved electricity supply
  • 29. 29. Which method of complaint allows instant feedback?
A) Making a phone call
B) Writing a letter
C) Mailing a form
D) Sending a gift
  • 30. 30. What is scale of preference
A) Arranging needs according to their importance
B) A record of income only
C) Arranging needs based on price
D) Ignoring wants and needs
  • 31. 31. What format can complaints take?
A) Only verbal
B) Only emails
C) Only letters
D) Audio, large print, calls, or braille
  • 32. 32. What is the meaning of modesty
A) Living within one’s means
B) Borrowing often
C) Showing off wealth
D) Spending beyond income
  • 33. 33. Which of these is a reason for banning a chemical
A) It is colourful
B) It smells sweet
C) It is imported
D) It causes lung cancer
  • 34. 34. What is the main purpose of a personal budget
A) To estimate income and expenditure
B) To take loans
C) To control other people’s money
D) To increase income
  • 35. 35. A complaint must be submitted______
A) After 1 year
B) Randomly
C) As soon as dissatisfaction is noticed
D) At the end of the month
  • 36. 36. Who can a consumer forward a letter of complaint to
A) Manufacturer or distributor
B) Their friend
C) Fellow customer
D) The school teacher
  • 37. 37. A complaint is justified when___
A) All usage instructions have been followed
B) The product was never used
C) The user doesn’t like the color
D) The complainant is angry
  • 38. 38. Which of these is a source of finance
A) Ignoring expenses
B) Not working
C) Stealing
D) Personal savings
  • 39. 39. Which regulatory body handles issues with food and drugs in Nigeria
A) NAFDAC
B) NUC
C) SON
D) CPC
  • 40. 40. Which of the following is NOT a necessity of life
A) Food
B) Clothing
C) Transportation
D) Jewellery
Students who took this test also took :

Created with That Quiz — a math test site for students of all grade levels.