- 1. A person who buys a product for his or her consumption is know as __________.
A) Consumer
B) Retail
C) Agency
D) Wholesale
- 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) Bin card
D) Stock taking
- 3. _________ is the banker's bank.
A) World bank
B) Commercial bank
C) Mortgage bank
D) Central bank
- 4. All these are components of business studies except ___________.
A) Geography
B) Commerce
C) Office practice
D) Shorthand
- 5. Balance extracted from the ledger account are used to prepare __________.
A) Balance sheet
B) Trading account
C) Cash account
D) Trail balance
- 6. _________ is the reduction in the price of goods in order to encourage customers to buy large quantities.
A) Liabilities
B) Discount
C) Loan
D) Promotion
- 7. Labour is rewarded in __________.
A) Capital
B) Wages
C) Interest
D) Rent
- 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) #100:00
B) #1,000:00
C) #150:00
D) #1500:00
- 10. Production is ________.
A) Creating of utilities
B) Buying
C) Satisfaction
D) Purchasing of goods
- 11. The death of owner may end _________ business.
A) Co-operative
B) Join stock
C) Partnership
D) Sole trader
- 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
B) Trade by barter
C) Sales
D) Buys
- 14. Things bought are called purchases while those sold are called ________.
A) Sales
B) Salary
C) Discount
D) Trade
- 15. ___________ are asset that are not permanent in nature.
A) Liability
B) Tangible asset
C) Fixed asset
D) Current assets
- 16. All these are natural products except _________.
A) Shoes
B) Timber
C) Groundnut
D) Cocoa
- 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) Typewriter
B) Porch
C) Sharpener
D) Calculator
- 19. Which of these is not an e - banking payment method?
A) Money order
B) Auto play
C) Value
D) ATM
- 20. The method by which duties are carried out in respect of the performance of business activities of an organization is called _________.
A) Business studies
B) Office procedure
C) Office performance
D) Service render
- 21. _________ is a situation in which important information must be kept secret .
A) Case study
B) Confidentiality
C) Security
D) Decument
- 22. _________ is a letter from one company to another or between an organization and its customers or client.
A) Request letter
B) Business letter
C) Admission letter
D) Application 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) Class attendance registered
C) Diary
D) Telephone message pad
- 25. The actual salary of a worker after deduction has been made is known as __________.
A) Total pay
B) Fill pay
C) Net pay
D) Gross pay
- 26. Which of the following is not an extractive occupation?
A) Farming
B) Dentistry
C) Forest
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) Paper bail
B) Space bar
C) Tabulator
D) Margin
- 29. The net profit is calculated in the ________.
A) Trading account
B) Cash account
C) Profit and loss
D) Balance sheet
- 30. A document that is written by the seller whenever the buyer has been undercharged is called _________.
A) Return inward
B) Invoice
C) Debit note
D) Credit note
- 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) Light
B) Thin
C) Heavy
D) Small
- 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) To spread the goods
B) Persuade customer
C) Hide the goods
D) Transportation
- 35. When a vowel comes before a consonant in pitman shorthand,it is place _________.
A) Through the stroke
B) Before the stroke
C) After the stroke
D) Behind the stroke
- 36. All the following are documents used I. Wages office except __________.
A) Payslip
B) Time card
C) Payroll
D) Cataloi
- 37. The profile which is paid to the shareholders of a company is known as __________.
A) Right
B) Bond
C) Dividend
D) Divided
- 38. Methods of buying do not include _________.
A) Auction
B) Inspection
C) Leaflet
D) Sample
- 39. _______ is a reward for being punctual and regular at work in an organization .
A) Promotion
B) Interest
C) Promptness
D) Production
- 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 journals
B) Return outward
C) Purchase return
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) Union bank
D) Wema bank
- 44. Division of labour _________ output.
A) Releases
B) Increases
C) Disallows
D) Decreases
- 45. A business card is also known as ________.
A) Identity card
B) Office card
C) Holder's card
D) Introductory card
- 46. A document which shows the full details of worker's pay is called _________.
A) Pay slip
B) Voucher
C) Pay roll
D) Store record
- 47. _________ are asset that are not permanent in nature?
A) Liabilities
B) Fixed asset
C) Tangible asset
D) Current assets
- 48. The two kinds of partners are _________ .
A) Ordinary and limited
B) Passive and active
C) Fixed and rotating
D) Risk and social
- 49. All there are natural product except _______.
A) Timber
B) Shoes
C) Cocoa
D) Groundnut
- 50. All of the following are means of advertising except ________.
A) Traveling
B) Newspaper
C) Bill board
D) Television
- 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) Gum
C) Stapler
D) Perforator
- 53. The central point if an organization is an _________.
A) Office
B) School
C) Shop
D) Market
- 54. __________advertising is designed to convince or persuade more customers to buy a particular product at the expenses of other product.
A) Competitive
B) Informative
C) Mass
D) Educative
- 55. ___________ is like the picture of all items in the store.
A) Delivery
B) Gatepass
C) Delivery
D) Stock record card
- 56. A public liability company can be formed by a minimum of __________ people.
A) Ten
B) Twenty
C) Seven
D) Fifty
- 57. ________ is an evidence of payment.
A) Receipt
B) Invoice
C) Cheque
D) Payslip
- 58. ___________ are arranged according to the letter of the Alphabet?
A) Numerical filling
B) Geographical filing
C) Alphabetical filling
D) Subject 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) Consumer
B) Transporter
C) Manufacturer
D) Wholesaler
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