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