- 1. A person who buys a product for his or her consumption is know as __________.
A) Agency
B) Retail
C) Wholesale
D) Consumer
- 2. The physical counting of goods in the store and comparing them with the figure in the book is _________.
A) Physical counting
B) Turn over
C) Stock taking
D) Bin card
- 3. _________ is the banker's bank.
A) Commercial bank
B) Mortgage bank
C) Central bank
D) World bank
- 4. All these are components of business studies except ___________.
A) Commerce
B) Shorthand
C) Office practice
D) Geography
- 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) Liabilities
B) Loan
C) Discount
D) Promotion
- 7. Labour is rewarded in __________.
A) Wages
B) Rent
C) Interest
D) Capital
- 8. An office material in which personal data of staff are kept is called _________.
A) Wood box
B) Cabinet
C) Cupboard
D) Shelf
- 9. A girl bought 50 biros at #30:00 each. How much would she pay for all?
A) #150:00
B) #100:00
C) #1500:00
D) #1,000:00
- 10. Production is ________.
A) Purchasing of goods
B) Buying
C) Satisfaction
D) Creating of utilities
- 11. The death of owner may end _________ business.
A) Join stock
B) Sole trader
C) Partnership
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) Trade
C) Buys
D) Sales
- 14. Things bought are called purchases while those sold are called ________.
A) Salary
B) Discount
C) Sales
D) Trade
- 15. ___________ are asset that are not permanent in nature.
A) Tangible asset
B) Fixed asset
C) Current assets
D) Liability
- 16. All these are natural products except _________.
A) Groundnut
B) Timber
C) Cocoa
D) Shoes
- 17. There are ________ types of foreign trade.
A) 4
B) 2
C) 5
D) 3
- 18. An office machine used to add figure together is called ___________.
A) Sharpener
B) Porch
C) Typewriter
D) Calculator
- 19. Which of these is not an e - banking payment method?
A) ATM
B) Value
C) Money order
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) Office performance
B) Office procedure
C) Business studies
D) Service render
- 21. _________ is a situation in which important information must be kept secret .
A) Security
B) Confidentiality
C) Case study
D) Decument
- 22. _________ is a letter from one company to another or between an organization and its customers or client.
A) Application letter
B) Request letter
C) Business letter
D) Admission letter
- 23. The coordinator of all other factors of production is ________.
A) Entrepreneur
B) Capital
C) Labour
D) Land
- 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) Total pay
B) Net pay
C) Fill pay
D) Gross pay
- 26. Which of the following is not an extractive occupation?
A) Mining
B) Farming
C) Forest
D) Dentistry
- 27. Shorthand is written according to __________.
A) Phonetics
B) Vowels
C) Noise
D) Spelling
- 28. The part of typewriter depressed to create space between words is called ___________.
A) Paper bail
B) Space bar
C) Tabulator
D) Margin
- 29. The net profit is calculated in the ________.
A) Balance sheet
B) Cash account
C) Trading account
D) Profit and loss
- 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) Double column cash book
C) One column cash book
D) Journal
- 32. Consonant 'p' in pitman shorthand is represented by _________ stroke.
A) Small
B) Thin
C) Heavy
D) Light
- 33. In the feature of market, there must be a _________.
A) Gold and silver
B) Pencil and biro
C) Coins
D) Buyer and seller
- 34. The role of advertising is to ____________.
A) Hide the goods
B) Transportation
C) Persuade customer
D) To spread the goods
- 35. When a vowel comes before a consonant in pitman shorthand,it is place _________.
A) Behind the stroke
B) Before the stroke
C) Through the stroke
D) After the stroke
- 36. All the following are documents used I. Wages office except __________.
A) Payslip
B) Payroll
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) Dividend
D) Bond
- 38. Methods of buying do not include _________.
A) Auction
B) Leaflet
C) Sample
D) Inspection
- 39. _______ is a reward for being punctual and regular at work in an organization .
A) Production
B) Interest
C) Promotion
D) Promptness
- 40. All these are personal qualities of clerk except _________.
A) Good secondary school
B) Neatness
C) Ability to assign people to work
D) Ability to deal with people
- 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) Sales
B) Trade
C) Salary
D) Discount
- 43. Which of the following is not a commercial bank?
A) Union bank
B) Skye bank
C) Wema bank
D) Central bank
- 44. Division of labour _________ output.
A) Disallows
B) Releases
C) Increases
D) Decreases
- 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) Pay roll
B) Store record
C) Pay slip
D) Voucher
- 47. _________ are asset that are not permanent in nature?
A) Tangible asset
B) Fixed asset
C) Current assets
D) Liabilities
- 48. The two kinds of partners are _________ .
A) Fixed and rotating
B) Risk and social
C) Passive and active
D) Ordinary and limited
- 49. All there are natural product except _______.
A) Groundnut
B) Shoes
C) Cocoa
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) Water
B) Air
C) Pipeline
D) Land
- 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) Market
B) Office
C) School
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) Mass
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) Fifty
D) Seven
- 57. ________ is an evidence of payment.
A) Invoice
B) Receipt
C) Payslip
D) Cheque
- 58. ___________ are arranged according to the letter of the Alphabet?
A) Subject filing
B) Alphabetical filling
C) Numerical filling
D) Geographical filing
- 59. One of the function of the central bank of Nigeria is to __________.
A) Print passport photographys
B) Print naira note and mint Kobo coin.
C) Carry money from Lagos to Abeokuta
D) Give loan to traders
- 60. The last link on the chain of production is the ____________.
A) Transporter
B) Manufacturer
C) Consumer
D) Wholesaler
|