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