- 1. A person who buys a product for his or her consumption is know as __________.
A) Wholesale
B) Retail
C) Agency
D) Consumer
- 2. The physical counting of goods in the store and comparing them with the figure in the book is _________.
A) Turn over
B) Stock taking
C) Physical counting
D) Bin card
- 3. _________ is the banker's bank.
A) Mortgage bank
B) Central bank
C) World bank
D) Commercial bank
- 4. All these are components of business studies except ___________.
A) Office practice
B) Geography
C) Commerce
D) Shorthand
- 5. Balance extracted from the ledger account are used to prepare __________.
A) Trail balance
B) Cash account
C) Balance sheet
D) Trading account
- 6. _________ is the reduction in the price of goods in order to encourage customers to buy large quantities.
A) Loan
B) Liabilities
C) Discount
D) Promotion
- 7. Labour is rewarded in __________.
A) Interest
B) Rent
C) Capital
D) Wages
- 8. An office material in which personal data of staff are kept is called _________.
A) Shelf
B) Wood box
C) Cabinet
D) Cupboard
- 9. A girl bought 50 biros at #30:00 each. How much would she pay for all?
A) #150:00
B) #1500:00
C) #1,000:00
D) #100:00
- 10. Production is ________.
A) Buying
B) Purchasing of goods
C) Satisfaction
D) Creating of utilities
- 11. The death of owner may end _________ business.
A) Join stock
B) Co-operative
C) Partnership
D) Sole trader
- 12. The ledger account is divided vertically into ___________.
A) 4
B) 2
C) 5
D) 3
- 13. Exchange of goods for goods is called ___________.
A) Buys
B) Trade by barter
C) Trade
D) Sales
- 14. Things bought are called purchases while those sold are called ________.
A) Discount
B) Salary
C) Sales
D) Trade
- 15. ___________ are asset that are not permanent in nature.
A) Current assets
B) Fixed asset
C) Tangible asset
D) Liability
- 16. All these are natural products except _________.
A) Shoes
B) Groundnut
C) Timber
D) Cocoa
- 17. There are ________ types of foreign trade.
A) 5
B) 2
C) 3
D) 4
- 18. An office machine used to add figure together is called ___________.
A) Porch
B) Calculator
C) Typewriter
D) Sharpener
- 19. Which of these is not an e - banking payment method?
A) Money order
B) Value
C) ATM
D) Auto play
- 20. The method by which duties are carried out in respect of the performance of business activities of an organization is called _________.
A) Service render
B) Office procedure
C) Business studies
D) Office performance
- 21. _________ is a situation in which important information must be kept secret .
A) Case study
B) Security
C) Decument
D) Confidentiality
- 22. _________ is a letter from one company to another or between an organization and its customers or client.
A) Request letter
B) Admission letter
C) Application letter
D) Business letter
- 23. The coordinator of all other factors of production is ________.
A) Capital
B) Labour
C) Land
D) Entrepreneur
- 24. All there are documents handled by a good receptionist except _________.
A) Telephone message pad
B) Diary
C) Class attendance registered
D) Visitors book
- 25. The actual salary of a worker after deduction has been made is known as __________.
A) Fill pay
B) Gross pay
C) Net pay
D) Total pay
- 26. Which of the following is not an extractive occupation?
A) Forest
B) Mining
C) Dentistry
D) Farming
- 27. Shorthand is written according to __________.
A) Vowels
B) Spelling
C) Noise
D) Phonetics
- 28. The part of typewriter depressed to create space between words is called ___________.
A) Margin
B) Paper bail
C) Tabulator
D) Space bar
- 29. The net profit is calculated in the ________.
A) Profit and loss
B) Balance sheet
C) Cash account
D) Trading account
- 30. A document that is written by the seller whenever the buyer has been undercharged is called _________.
A) Invoice
B) Credit note
C) Debit note
D) Return inward
- 31. One of the cash book meant for recording cash and cheque transaction is __________.
A) Petty cash book
B) One column cash book
C) Double column cash book
D) Journal
- 32. Consonant 'p' in pitman shorthand is represented by _________ stroke.
A) Heavy
B) Light
C) Small
D) Thin
- 33. In the feature of market, there must be a _________.
A) Gold and silver
B) Buyer and seller
C) Pencil and biro
D) Coins
- 34. The role of advertising is to ____________.
A) To spread the goods
B) Hide the goods
C) Transportation
D) Persuade customer
- 35. When a vowel comes before a consonant in pitman shorthand,it is place _________.
A) Behind the stroke
B) After the stroke
C) Through the stroke
D) Before the stroke
- 36. All the following are documents used I. Wages office except __________.
A) Payroll
B) Payslip
C) Time card
D) Cataloi
- 37. The profile which is paid to the shareholders of a company is known as __________.
A) Right
B) Divided
C) Bond
D) Dividend
- 38. Methods of buying do not include _________.
A) Leaflet
B) Auction
C) Inspection
D) Sample
- 39. _______ is a reward for being punctual and regular at work in an organization .
A) Promptness
B) Promotion
C) Interest
D) Production
- 40. All these are personal qualities of clerk except _________.
A) Good secondary school
B) Ability to assign people to work
C) Ability to deal with people
D) Neatness
- 41. Return inward book is also known as __________.
A) Purchase journals
B) Purchase return
C) Return outward
D) Sales return
- 42. Things bought are called purchases while those sold are called?
A) Salary
B) Discount
C) Sales
D) Trade
- 43. Which of the following is not a commercial bank?
A) Skye bank
B) Central bank
C) Wema bank
D) Union bank
- 44. Division of labour _________ output.
A) Decreases
B) Releases
C) Increases
D) Disallows
- 45. A business card is also known as ________.
A) Introductory card
B) Holder's card
C) Office card
D) Identity card
- 46. A document which shows the full details of worker's pay is called _________.
A) Voucher
B) Pay slip
C) Pay roll
D) Store record
- 47. _________ are asset that are not permanent in nature?
A) Liabilities
B) Current assets
C) Fixed asset
D) Tangible asset
- 48. The two kinds of partners are _________ .
A) Fixed and rotating
B) Risk and social
C) Ordinary and limited
D) Passive and active
- 49. All there are natural product except _______.
A) Cocoa
B) Timber
C) Shoes
D) Groundnut
- 50. All of the following are means of advertising except ________.
A) Traveling
B) Television
C) Bill board
D) Newspaper
- 51. The fastest means of transportation is _________.
A) Pipeline
B) Air
C) Water
D) Land
- 52. An office equipment use to fasten several loose papers together is called __________.
A) Gum
B) Office pin
C) Perforator
D) Stapler
- 53. The central point if an organization is an _________.
A) Office
B) Shop
C) Market
D) School
- 54. __________advertising is designed to convince or persuade more customers to buy a particular product at the expenses of other product.
A) Informative
B) Mass
C) Competitive
D) Educative
- 55. ___________ is like the picture of all items in the store.
A) Stock record card
B) Delivery
C) Delivery
D) Gatepass
- 56. A public liability company can be formed by a minimum of __________ people.
A) Ten
B) Seven
C) Fifty
D) Twenty
- 57. ________ is an evidence of payment.
A) Cheque
B) Receipt
C) Invoice
D) Payslip
- 58. ___________ are arranged according to the letter of the Alphabet?
A) Alphabetical filling
B) Subject filing
C) Numerical filling
D) Geographical filing
- 59. One of the function of the central bank of Nigeria is to __________.
A) Print passport photographys
B) Give loan to traders
C) Carry money from Lagos to Abeokuta
D) Print naira note and mint Kobo coin.
- 60. The last link on the chain of production is the ____________.
A) Consumer
B) Manufacturer
C) Transporter
D) Wholesaler
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