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