- 1. A person who buys a product for his or her consumption is know as __________.
A) Wholesale
B) Retail
C) Agency
D) Consumer
- 2. The physical counting of goods in the store and comparing them with the figure in the book is _________.
A) Stock taking
B) Physical counting
C) Bin card
D) Turn over
- 3. _________ is the banker's bank.
A) World bank
B) Central bank
C) Mortgage bank
D) Commercial bank
- 4. All these are components of business studies except ___________.
A) Office practice
B) Shorthand
C) Geography
D) Commerce
- 5. Balance extracted from the ledger account are used to prepare __________.
A) Cash account
B) Balance sheet
C) Trading account
D) Trail balance
- 6. _________ is the reduction in the price of goods in order to encourage customers to buy large quantities.
A) Loan
B) Promotion
C) Discount
D) Liabilities
- 7. Labour is rewarded in __________.
A) Capital
B) Wages
C) Rent
D) Interest
- 8. An office material in which personal data of staff are kept is called _________.
A) Cabinet
B) Shelf
C) Wood box
D) Cupboard
- 9. A girl bought 50 biros at #30:00 each. How much would she pay for all?
A) #150:00
B) #1500:00
C) #100:00
D) #1,000:00
- 10. Production is ________.
A) Buying
B) Purchasing of goods
C) Creating of utilities
D) Satisfaction
- 11. The death of owner may end _________ business.
A) Join stock
B) Sole trader
C) Co-operative
D) Partnership
- 12. The ledger account is divided vertically into ___________.
A) 4
B) 2
C) 3
D) 5
- 13. Exchange of goods for goods is called ___________.
A) Sales
B) Buys
C) Trade
D) Trade by barter
- 14. Things bought are called purchases while those sold are called ________.
A) Trade
B) Sales
C) Discount
D) Salary
- 15. ___________ are asset that are not permanent in nature.
A) Fixed asset
B) Tangible asset
C) Current assets
D) Liability
- 16. All these are natural products except _________.
A) Shoes
B) Cocoa
C) Groundnut
D) Timber
- 17. There are ________ types of foreign trade.
A) 4
B) 5
C) 3
D) 2
- 18. An office machine used to add figure together is called ___________.
A) Calculator
B) Sharpener
C) Porch
D) Typewriter
- 19. Which of these is not an e - banking payment method?
A) Value
B) ATM
C) Money order
D) Auto play
- 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) Service render
D) Office performance
- 21. _________ is a situation in which important information must be kept secret .
A) Decument
B) Case study
C) Security
D) Confidentiality
- 22. _________ is a letter from one company to another or between an organization and its customers or client.
A) Request letter
B) Admission letter
C) Business letter
D) Application letter
- 23. The coordinator of all other factors of production is ________.
A) Land
B) Entrepreneur
C) Capital
D) Labour
- 24. All there are documents handled by a good receptionist except _________.
A) Visitors book
B) Diary
C) Telephone message pad
D) Class attendance registered
- 25. The actual salary of a worker after deduction has been made is known as __________.
A) Net pay
B) Total pay
C) Fill pay
D) Gross pay
- 26. Which of the following is not an extractive occupation?
A) Forest
B) Farming
C) Dentistry
D) Mining
- 27. Shorthand is written according to __________.
A) Noise
B) Vowels
C) Phonetics
D) Spelling
- 28. The part of typewriter depressed to create space between words is called ___________.
A) Tabulator
B) Paper bail
C) Space bar
D) Margin
- 29. The net profit is calculated in the ________.
A) Balance sheet
B) Profit and loss
C) Cash account
D) Trading account
- 30. A document that is written by the seller whenever the buyer has been undercharged is called _________.
A) Invoice
B) Return inward
C) Credit note
D) Debit note
- 31. One of the cash book meant for recording cash and cheque transaction is __________.
A) One column cash book
B) Petty cash book
C) Double column cash book
D) Journal
- 32. Consonant 'p' in pitman shorthand is represented by _________ stroke.
A) Light
B) Heavy
C) Small
D) Thin
- 33. In the feature of market, there must be a _________.
A) Coins
B) Pencil and biro
C) Gold and silver
D) Buyer and seller
- 34. The role of advertising is to ____________.
A) To spread the goods
B) Persuade customer
C) Transportation
D) Hide the goods
- 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) Time card
B) Payslip
C) Payroll
D) Cataloi
- 37. The profile which is paid to the shareholders of a company is known as __________.
A) Dividend
B) Right
C) Bond
D) Divided
- 38. Methods of buying do not include _________.
A) Leaflet
B) Sample
C) Auction
D) Inspection
- 39. _______ is a reward for being punctual and regular at work in an organization .
A) Promptness
B) Promotion
C) Interest
D) Production
- 40. All these are personal qualities of clerk except _________.
A) Neatness
B) Ability to deal with people
C) Ability to assign people to work
D) Good secondary school
- 41. Return inward book is also known as __________.
A) Sales return
B) Return outward
C) Purchase return
D) Purchase journals
- 42. Things bought are called purchases while those sold are called?
A) Trade
B) Sales
C) Salary
D) Discount
- 43. Which of the following is not a commercial bank?
A) Central bank
B) Wema bank
C) Union bank
D) Skye bank
- 44. Division of labour _________ output.
A) Increases
B) Disallows
C) Releases
D) Decreases
- 45. A business card is also known as ________.
A) Identity card
B) Holder's card
C) Office card
D) Introductory card
- 46. A document which shows the full details of worker's pay is called _________.
A) Pay slip
B) Pay roll
C) Store record
D) Voucher
- 47. _________ are asset that are not permanent in nature?
A) Current assets
B) Tangible asset
C) Liabilities
D) Fixed asset
- 48. The two kinds of partners are _________ .
A) Risk and social
B) Passive and active
C) Ordinary and limited
D) Fixed and rotating
- 49. All there are natural product except _______.
A) Groundnut
B) Shoes
C) Cocoa
D) Timber
- 50. All of the following are means of advertising except ________.
A) Bill board
B) Newspaper
C) Television
D) Traveling
- 51. The fastest means of transportation is _________.
A) Pipeline
B) Land
C) Air
D) Water
- 52. An office equipment use to fasten several loose papers together is called __________.
A) Gum
B) Perforator
C) Stapler
D) Office pin
- 53. The central point if an organization is an _________.
A) Market
B) School
C) Shop
D) Office
- 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) Stock record card
D) Delivery
- 56. A public liability company can be formed by a minimum of __________ people.
A) Twenty
B) Ten
C) Fifty
D) Seven
- 57. ________ is an evidence of payment.
A) Invoice
B) Payslip
C) Receipt
D) Cheque
- 58. ___________ are arranged according to the letter of the Alphabet?
A) Numerical filling
B) Subject filing
C) Geographical filing
D) Alphabetical filling
- 59. One of the function of the central bank of Nigeria is to __________.
A) Carry money from Lagos to Abeokuta
B) Give loan to traders
C) Print passport photographys
D) Print naira note and mint Kobo coin.
- 60. The last link on the chain of production is the ____________.
A) Transporter
B) Manufacturer
C) Wholesaler
D) Consumer
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