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JSS2 Bus stud 3rd Term Exam 2025
Contributed by: College
  • 1. 1. What is personal finance
A) Income received by a company
B) All money spent on business deals
C) Income received by an individual for either consumption or savings
D) Income received by an individual for personal or business use
  • 2. 2. What does the 'S' in SWOT analysis stand for
A) Strengths
B) System
C) Society
D) School
  • 3. 3. Which of these is an example of personal care necessity
A) Toothpaste
B) Diamond ring
C) Air conditioner
D) Tablet phone
  • 4. 4. What is a complaint
A) A statement of satisfaction
B) An expression of dissatisfaction
C) A suggestion for improvement
D) A compliment
  • 5. 5. What does the 'T' in SWOT analysis stand for
A) Trends
B) Transportation
C) Transaction
D) Threats
  • 6. 6. What does consumer redress mean
A) Making consumers pay extra
B) Returning goods to the manufacturer
C) Setting right a wrong done to a consumer
D) Selling back goods
  • 7. 7. Which of the following is a justified complaint
A) Complaining for no reason
B) Complaining without using the product
C) Complaining after trying all suggested solutions
D) Complaining because the product looks cheap
  • 8. 8. Which of the following is an example of a business weakness
A) Customer loyalty
B) High absenteeism
C) Improved road networks
D) Emerging new markets
  • 9. 9. Which of the following is NOT a type of redress
A) Social redress
B) Criminal redress
C) Administrative redress
D) Civil redress
  • 10. 10. What is an unjustified complaint
A) Complaint with no fair basis
B) Complaint with evidence
C) Complaint with valid reason
D) Complaint after use
  • 11. 11. SWOT analysis is used to identify the following EXCEPT
A) Transactions
B) Threats
C) Strengths
D) Opportunities
E) Weaknesses
  • 12. 12. What is the first step in seeking redress
A) Call the company CEO
B) Demand for compensation instantly
C) Take the matter to court immediately
D) Report what happened as soon as possible
  • 13. 13. A verbal complaint is lodged when the complainant____
A) Writes a letter
B) Meets a business representative face to face
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) Weakness
C) Strength
D) Opportunity
  • 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) Dismisses the complaint
B) Returns it to the complainant
C) Destroys the report
D) Sends a summary to PIC members
  • 18. 18. What happens when two countries respond to the PIC secretariat?
A) The case is ignored
B) A meeting is canceled
C) The case is sent to the chemical review committee
D) The secretariat closes the case
  • 19. 19. A new competitor opening a shop nearby is an example of a:
A) Opportunity
B) Threat
C) Weakness
D) Strength
  • 20. 20. An example of a law enforcement agency involved in consumer protection is
A) FRSC
B) SON
C) NCC
D) CPC
  • 21. 21. Why are harmful chemicals banned?
A) They are imported
B) They are used in schools
C) They are dangerous to health and the environment
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 can be granted without going to court
C) It is used only when there is no receipt
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 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 are corrosive
B) They increase productivity
C) They cause birth defects
D) They are flammable
  • 26. 26. How does providing redress reduce litigation?
A) It increases court time
B) It removes consumer rights
C) It creates more business problems
D) It resolves issues easily before they get to court
  • 27. 27. One benefit of resolving complaints is____
A) It leads to improved customer loyalty
B) It reduces product quality
C) It increases complaints
D) It wastes time
  • 28. 28. Which of the following is a strength of a business?
A) Bad customer service
B) New government policy
C) Improved electricity supply
D) Strong customer base
  • 29. 29. Which method of complaint allows instant feedback?
A) Mailing a form
B) Sending a gift
C) Making a phone call
D) Writing a letter
  • 30. 30. What is scale of preference
A) Arranging needs based on price
B) A record of income only
C) Arranging needs according to their importance
D) Ignoring wants and needs
  • 31. 31. What format can complaints take?
A) Only emails
B) Only letters
C) Only verbal
D) Audio, large print, calls, or braille
  • 32. 32. What is the meaning of modesty
A) Showing off wealth
B) Living within one’s means
C) Borrowing often
D) Spending beyond income
  • 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 estimate income and expenditure
B) To increase income
C) To control other people’s money
D) To take loans
  • 35. 35. A complaint must be submitted______
A) As soon as dissatisfaction is noticed
B) Randomly
C) At the end of the month
D) After 1 year
  • 36. 36. Who can a consumer forward a letter of complaint to
A) Their friend
B) Fellow customer
C) The school teacher
D) Manufacturer or distributor
  • 37. 37. A complaint is justified when___
A) All usage instructions have been followed
B) The product was never used
C) The complainant is angry
D) The user doesn’t like the color
  • 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) SON
B) NUC
C) NAFDAC
D) CPC
  • 40. 40. Which of the following is NOT a necessity of life
A) Clothing
B) Jewellery
C) Transportation
D) Food
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