ThatQuiz Test Library Take this test now
TAMMI BUSINESS STUDIES JSS1 1ST TERM
Contributed by: Goodluckprince
  • 1. 1. Business study helps students to understand the basic principles of
A) Law
B) Science
C) Agriculture
D) Trade
  • 2. 2. One of the main objectives of business is to make
A) Food
B) Shoes
C) Friends
D) Profit
  • 3. 3. A business owned and run by one person is called a
A) Cooperative
B) Corporation
C) Sole proprietorship
D) Partnership
  • 4. 4. A major advantage of sole proprietorship is that the owner
A) Is free from debts
B) Makes all decisions
C) Faces no risk
D) Shares profit
  • 5. 5. Commerce involves buying and selling goods and services to
A) Serve the community
B) Satisfy human wants
C) Increase friendship
D) Make communication easy
  • 6. 6. Commerce is important to the economy because it
A) Makes friends
B) Delivers goods to people's homes
C) Reduces prices of goods
D) Provides employment
  • 7. 7. Domestic trade is carried out
A) Between countries
B) On the internet
C) Within a country
D) At schools
  • 8. 8. The type of trade between two countries is called
A) Wholesale trade
B) International trade
C) Domestic trade
D) Local trade
  • 9. 9. The process of making goods or providing services is called
A) Selling
B) Production
C) Distribution
D) Consumption
  • 10. 10. The first step in production is
A) Marketing
B) Distribution
C) Consumption
D) Planning
Students who took this test also took :
Tammi 2Nd T 2025 Cca Grade 5
TEJIS Character Education Y2
Tammi-2Nd-T-2025-Jss2-Computer-Ict
Created with That Quiz — the site for test creation and grading in math and other subjects.