ThatQuiz Test Library Take this test now
PES JS 2 Business Studies 3rd Term Examination
Contributed by: School
  • 1. __________ are specific, measurable, achievable, relevant and time -bound objectives that a business aims to accomplish
A) Business goals
B) Achievable goals
C) Relevant goals
D) Smart goals
  • 2. The following are the importance of setting business goals except
A) For profit sharing
B) For Evaluation
C) For Motivation
D) For Direction
  • 3. Setting simple business goals includes the following except
A) Setting SMART goals
B) Identifying business purpose
C) Conducting SWOT analysis
D) Deceiving customers
  • 4. _____________ is not one of the benefits of setting simple business goals
A) It improves decision making
B) It enhances performance of entrepreneur and employees
C) It promotes communication skills
  • 5. SWOT analysis means
A) Analysing business Strength, Workability, Opportunities and Threats
B) Analysing business Strengths, Worthiness, Opportunities and Threats
C) Analysing business Strengths, Weaknesses, Opportunities and Threats
  • 6. Identifying business purpose means
A) To improve customer satisfaction
B) To determine the business's mission and vision
C) To establish specific objectives
D) To expand product line
  • 7. ___ motivate entrepreneurs and employees to perform better
A) Communication
B) Goals
C) Performance
  • 8. __ are agencies that work to protect consumers' rights and interests
A) Consumer Protection Agenda
B) Consumer Council Agencies
C) Consumer Protection Agencies
  • 9. ___ is not the importance of consumer protection agencies
A) Providing Education
B) Promoting fair business practices
C) Protecting Consumers' rights
D) Promoting inequality
  • 10. ___is not an example of consumer protection agencies
A) SON
B) CPC
C) NAFDAC
D) CPA
  • 11. Standard Organization of Nigeria ___
A) Sets standards for products
B) Regulates food and drugs
C) Protect consumers' rights
  • 12. ___ is a benefit of consumer protection agencies
A) Decrease Consumers' Confidence
B) Increased Consumers' Confidence
C) Worsen Consumers' Complaints
  • 13. ___ protects consumers' rights
A) CPC
B) SON
C) NAFDAC
  • 14. __ regulates food and drugs
A) SON
B) NAFDAC
C) CPC
  • 15. ________ buy in bulk and sell to retailers
A) Wholesalers
B) Distributors
C) Retailers
  • 16. ____ has to do with selling products directly to consumers
A) Wholesalers
B) Retailers
C) Distribution
  • 17. __ has to do with selling products through e- commerce platforms
A) Retailers
B) Online channels
C) Distribution
D) Wholesalers
  • 18. The following are functions of distribution except
A) Storage
B) Sorting
C) Transportation
D) Stock recording
  • 19. Transportation, storage and inventory management are examples of ___
A) Distribution network
B) Logistical issues
C) Direct shipping
  • 20. What is the primary goal of personal finance?
A) To save money
B) To manage one's financial resources effectively
C) To invest in stocks
D) To buy luxury goods
  • 21. What is a budget
A) A financial plan for a specific period
B) A savings account
C) A list of expenses
D) An investment
  • 22. What is a credit score
A) A measure of one's income
B) A measure of one's savings
C) A measure of one's investment
D) A measure of one's creditworthiness
  • 23. What is the purpose of an emergency fund
A) To save for retirement
B) To pay off debt
C) To invest in stocks
D) To cover unexpected expenses
  • 24. What is financial planning
A) Investing in stocks
B) Create a comprehensive plan to achieve financial goals
C) Saving money
D) Creating a budget
  • 25. What is the first step in making a complaint
A) Write a letter to the CEO
B) Post about it on social media
C) Call a lawyer
D) Clearly define the issue
  • 26. What should you do before making a complaint
A) Ignore the issue
B) Talk to friends about it
C) Gather evidence
D) Post about it online
  • 27. How should you approach making a complaint
A) Aggressively
B) Indifferently
C) Calmly and respectfully
  • 28. What information should you include when making a complaint
A) Only the issue
B) Your personal opinion
C) The issue, relevant details, and desired resolution
D) Only your name
  • 29. Who should you contact first when making a complaint
A) Lawyer
B) Customer service representative
C) CEO
D) Social media
  • 30. What is the purpose of documenting your complaint
A) To share with friends
B) To keep a record of the issue and communication
C) To post online
D) To intimidate the company
  • 31. How should you follow up on complaint
A) Weekly
B) According to the company's stated timeline
C) Daily
D) Never
  • 32. What is an effective way to escalate a complaint
A) Posting negative reviews online
B) Politely asking to speak to a supervisor
C) Threatening legal action
D) Yelling at staff
  • 33. What should you do if your complaint is resolved
A) Demand further compensation
B) Share your experience on social media
C) Thank the representative and confirm the resolution
D) Ignore the resolution
  • 34. Why is it important to stay calm when making a complaint
A) So you can post about it online
B) So you can intimidate the representative
C) So you can get what you want
D) So you can effectively communicate your issue
  • 35. What is the primary role of consumer protection agencies?
A) To protect consumers from unfair practices
B) To regulate prices
C) To provide financial assistance
D) To promote business growth
  • 36. What type of complaint can consumer protection agencies handle
A) Both product and service related complaint
B) Only product related complaint
C) Only service related complaint
D) Only complaint about prices
  • 37. What is primary role of consumer protection agencies
A) To provide financial assistance
B) To promote business growth
C) To regulate prices
D) To protect consumers from unfair practices
  • 38. What type of complaint can consumer protection agencies handle
A) Only service related complaint
B) Only product related complaint
C) Only complaint about prices
D) Both product and service related complaints
  • 39. How do consumer protection agencies help consumers
A) By investigating complaints and taking enforcement action
B) By providing financial compensation
C) By meditating disputes between businesses
D) By offering products
  • 40. Can consumer protection agencies impose fine on businesses
A) Yes
B) No
Students who took this test also took :

Created with That Quiz — the site for test creation and grading in math and other subjects.