JSS2 Bus stud 3rd Term Exam 2025
  • 1. 1. What is personal finance
A) Income received by an individual for personal or business use
B) Income received by a company
C) Income received by an individual for either consumption or savings
D) All money spent on business deals
  • 2. 2. What does the 'S' in SWOT analysis stand for
A) Society
B) Strengths
C) School
D) System
  • 3. 3. Which of these is an example of personal care necessity
A) Diamond ring
B) Tablet phone
C) Air conditioner
D) Toothpaste
  • 4. 4. What is a complaint
A) A statement of satisfaction
B) A suggestion for improvement
C) An expression of dissatisfaction
D) A compliment
  • 5. 5. What does the 'T' in SWOT analysis stand for
A) Threats
B) Transportation
C) Trends
D) Transaction
  • 6. 6. What does consumer redress mean
A) Returning goods to the manufacturer
B) Setting right a wrong done to a consumer
C) Making consumers pay extra
D) Selling back goods
  • 7. 7. Which of the following is a justified complaint
A) Complaining for no reason
B) Complaining because the product looks cheap
C) Complaining without using the product
D) Complaining after trying all suggested solutions
  • 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) Administrative redress
B) Social redress
C) Criminal redress
D) Civil redress
  • 10. 10. What is an unjustified complaint
A) Complaint with evidence
B) Complaint with no fair basis
C) Complaint after use
D) Complaint with valid reason
  • 11. 11. SWOT analysis is used to identify the following EXCEPT
A) Transactions
B) Strengths
C) Weaknesses
D) Threats
E) Opportunities
  • 12. 12. What is the first step in seeking redress
A) Report what happened as soon as possible
B) Demand for compensation instantly
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) Meets a business representative face to face
C) Writes a letter
D) Calls the manager
  • 14. 14. One way of lodging a complaint is by____
A) Making a phone call
B) Destroying the product
C) Sending a product
D) Sending money
  • 15. 15. Which factor is external and helps a business achieve its goals?
A) Opportunity
B) Threat
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 increases product expiry
D) It allows price increase
  • 17. 17. What does the secretariat do after verifying complaint information?
A) Destroys the report
B) Sends a summary to PIC members
C) Returns it to the complainant
D) Dismisses the complaint
  • 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) The secretariat closes the case
D) A meeting is canceled
  • 19. 19. A new competitor opening a shop nearby is an example of a:
A) Strength
B) Threat
C) Opportunity
D) Weakness
  • 20. 20. An example of a law enforcement agency involved in consumer protection is
A) CPC
B) NCC
C) SON
D) FRSC
  • 21. 21. Why are harmful chemicals banned?
A) They are used in schools
B) They are cheap
C) They are dangerous to health and the environment
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 can be granted without going to court
B) It is for criminal cases only
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 replace business goals
B) To increase customer prices
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 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 removes consumer rights
B) It resolves issues easily before they get to court
C) It increases court time
D) It creates more business problems
  • 27. 27. One benefit of resolving complaints is____
A) It leads to improved customer loyalty
B) It increases complaints
C) It reduces product quality
D) It wastes time
  • 28. 28. Which of the following is a strength of a business?
A) Improved electricity supply
B) Bad customer service
C) New government policy
D) Strong customer base
  • 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) A record of income only
B) Ignoring wants and needs
C) Arranging needs according to their importance
D) Arranging needs based on price
  • 31. 31. What format can complaints take?
A) Audio, large print, calls, or braille
B) Only letters
C) Only emails
D) Only verbal
  • 32. 32. What is the meaning of modesty
A) Spending beyond income
B) Borrowing often
C) Showing off wealth
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 take loans
B) To control other people’s money
C) To estimate income and expenditure
D) To increase income
  • 35. 35. A complaint must be submitted______
A) At the end of the month
B) As soon as dissatisfaction is noticed
C) After 1 year
D) Randomly
  • 36. 36. Who can a consumer forward a letter of complaint to
A) The school teacher
B) Manufacturer or distributor
C) Their friend
D) Fellow customer
  • 37. 37. A complaint is justified when___
A) The product was never used
B) The user doesn’t like the color
C) All usage instructions have been followed
D) The complainant is angry
  • 38. 38. Which of these is a source of finance
A) Not working
B) Stealing
C) Personal savings
D) Ignoring expenses
  • 39. 39. Which regulatory body handles issues with food and drugs in Nigeria
A) CPC
B) SON
C) NAFDAC
D) NUC
  • 40. 40. Which of the following is NOT a necessity of life
A) Food
B) Transportation
C) Clothing
D) Jewellery
Students who took this test also took :

Created with That Quiz — a math test site for students of all grade levels.