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