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JSS2 Bus stud 3rd Term Exam 2025
Contributed by: College
  • 1. 1. What is personal finance
A) Income received by an individual for either consumption or savings
B) All money spent on business deals
C) Income received by an individual for personal or business use
D) Income received by a company
  • 2. 2. What does the 'S' in SWOT analysis stand for
A) Society
B) System
C) School
D) Strengths
  • 3. 3. Which of these is an example of personal care necessity
A) Tablet phone
B) Diamond ring
C) Air conditioner
D) Toothpaste
  • 4. 4. What is a complaint
A) A statement of satisfaction
B) A suggestion for improvement
C) A compliment
D) An expression of dissatisfaction
  • 5. 5. What does the 'T' in SWOT analysis stand for
A) Trends
B) Transportation
C) Transaction
D) Threats
  • 6. 6. What does consumer redress mean
A) Setting right a wrong done to a consumer
B) Returning goods to the manufacturer
C) Making consumers pay extra
D) Selling back goods
  • 7. 7. Which of the following is a justified complaint
A) Complaining without using the product
B) Complaining because the product looks cheap
C) Complaining after trying all suggested solutions
D) Complaining for no reason
  • 8. 8. Which of the following is an example of a business weakness
A) Improved road networks
B) Customer loyalty
C) High absenteeism
D) Emerging new markets
  • 9. 9. Which of the following is NOT a type of redress
A) Criminal redress
B) Social redress
C) Civil redress
D) Administrative redress
  • 10. 10. What is an unjustified complaint
A) Complaint after use
B) Complaint with evidence
C) Complaint with valid reason
D) Complaint with no fair basis
  • 11. 11. SWOT analysis is used to identify the following EXCEPT
A) Weaknesses
B) Opportunities
C) Strengths
D) Transactions
E) Threats
  • 12. 12. What is the first step in seeking redress
A) Take the matter to court immediately
B) Report what happened as soon as possible
C) Call the company CEO
D) Demand for compensation instantly
  • 13. 13. A verbal complaint is lodged when the complainant____
A) Calls the manager
B) Writes a letter
C) Sends a mail
D) Meets a business representative face to face
  • 14. 14. One way of lodging a complaint is by____
A) Sending a product
B) Making a phone call
C) Sending money
D) Destroying the product
  • 15. 15. Which factor is external and helps a business achieve its goals?
A) Weakness
B) Opportunity
C) Threat
D) Strength
  • 16. 16. Why is providing redress important to a company?
A) It reduces production cost
B) It boosts the company’s public image
C) It increases product expiry
D) It allows price increase
  • 17. 17. What does the secretariat do after verifying complaint information?
A) Returns it to the complainant
B) Sends a summary to PIC members
C) Dismisses the complaint
D) Destroys the report
  • 18. 18. What happens when two countries respond to the PIC secretariat?
A) The case is ignored
B) The case is sent to the chemical review committee
C) A meeting is canceled
D) The secretariat closes the case
  • 19. 19. A new competitor opening a shop nearby is an example of a:
A) Threat
B) Weakness
C) Opportunity
D) Strength
  • 20. 20. An example of a law enforcement agency involved in consumer protection is
A) FRSC
B) CPC
C) NCC
D) SON
  • 21. 21. Why are harmful chemicals banned?
A) They are dangerous to health and the environment
B) They are imported
C) They are cheap
D) They are used in schools
  • 22. 22. Which of the following is not a weakness of a business?
A) Customer satisfaction
B) Incompetent managers
C) Substandard products
D) Poor marketing
  • 23. 23. Which of the following is true about administrative redress?
A) It is for criminal cases only
B) It can be granted without going to court
C) It involves filing a lawsuit
D) It is used only when there is no receipt
  • 24. 24. Why is SWOT analysis important for businesses
A) To increase customer prices
B) To replace business goals
C) To identify competition
D) To identify internal and external factors affecting business
  • 25. 25. Which of the following is not a reason for banning chemicals?
A) They increase productivity
B) They are flammable
C) They are corrosive
D) They cause birth defects
  • 26. 26. How does providing redress reduce litigation?
A) It increases court time
B) It creates more business problems
C) It resolves issues easily before they get to court
D) It removes consumer rights
  • 27. 27. One benefit of resolving complaints is____
A) It wastes time
B) It increases complaints
C) It leads to improved customer loyalty
D) It reduces product quality
  • 28. 28. Which of the following is a strength of a business?
A) Bad customer service
B) Strong customer base
C) New government policy
D) Improved electricity supply
  • 29. 29. Which method of complaint allows instant feedback?
A) Making a phone call
B) Mailing a form
C) Sending a gift
D) Writing a letter
  • 30. 30. What is scale of preference
A) Ignoring wants and needs
B) Arranging needs based on price
C) Arranging needs according to their importance
D) A record of income only
  • 31. 31. What format can complaints take?
A) Only verbal
B) Audio, large print, calls, or braille
C) Only letters
D) Only emails
  • 32. 32. What is the meaning of modesty
A) Living within one’s means
B) Borrowing often
C) Showing off wealth
D) Spending beyond income
  • 33. 33. Which of these is a reason for banning a chemical
A) It is imported
B) It causes lung cancer
C) It smells sweet
D) It is colourful
  • 34. 34. What is the main purpose of a personal budget
A) To control other people’s money
B) To take loans
C) To increase income
D) To estimate income and expenditure
  • 35. 35. A complaint must be submitted______
A) Randomly
B) As soon as dissatisfaction is noticed
C) After 1 year
D) At the end of the month
  • 36. 36. Who can a consumer forward a letter of complaint to
A) The school teacher
B) Their friend
C) Fellow customer
D) Manufacturer or distributor
  • 37. 37. A complaint is justified when___
A) The product was never used
B) The complainant is angry
C) All usage instructions have been followed
D) The user doesn’t like the color
  • 38. 38. Which of these is a source of finance
A) Ignoring expenses
B) Not working
C) Stealing
D) Personal savings
  • 39. 39. Which regulatory body handles issues with food and drugs in Nigeria
A) SON
B) NAFDAC
C) NUC
D) CPC
  • 40. 40. Which of the following is NOT a necessity of life
A) Clothing
B) Jewellery
C) Transportation
D) Food
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