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