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