Business Studies JSS One Objective Examination Questions

JSS Two Business Studies OBJ Examination Questions

1. The occupation in which goods and services are produced in return for money is__
A. Stealing
B. Business
C. Trading
D. Education
2. The primary objective of any business is __
A. To help consumers
B. To make profit
C. To make loss
D. To increase prices of goods
3. Which of the following is not a business activity?
A. Trading
B. Banking
C. Trekking
D. Manufacturing
4. Business is characterized by the following except—
A. Aims at earning profit
B. regular exchange of goods and services
C. Deals in goods and services
D. Reducing profit making
5. The study of how business works and the proper management of business is refer to as-
A. Health education
B. Mathematics
C. English Language
D. Business Studies
6. Business studies is important because
A. It helps business intellect
B. It prepares students on how to handle their business properly
C. It helps to make useful living
D. All of the above
7. Which of the following is an importance of business studies?
A. It helps students to know how to read and write
B. It enables students to know the prices of goods in the market
C. It empowers students with the skills needed to do their own business
D. None of the above
8. Which of the following is not a component of business studies?
A. Office practice
B. Commerce
C. Book keeping
D. Physics
9. The occupation in which we adopt for earning livelihood, is called__
A. Career
B. Intellect
C. Educationist
D. None of the above
10. Which of the following is a career in business studies?
A. Chemistry
B. Book keeping
C. Engineering
D. Medicine
11. A room or building set aside within an organization for the purpose of performing various clerical transactions which may range from Financial, Personnel, Legal, Medical, Record keeping as well as Information and Data processing is __
A. An office
B. Department
C. Hall
D. School Assembly
12. Which of the following places would you find an office?
A. Market
B. Stadium
C. School
D. None of the above
13. Importance of office layout include__
A. Making supervision easier
B. Providing physical and healthy comfort for workers including smooth and cordial intercommunication among office personnel
C. Make movement of staff easy
D. All of the above
14. There are two types of office layout. They are__ and __
A. Straight office and bend office
B. Head office and branch office
C. Open office and close office
D. Head office and department
15. A partitioned type of office is known as __
A. Open office
B. Bend branch
C. Close office
D. Head office 16. Advantages of open office include all the following except__
A. Making staff monitoring easy
B. Give privacy to staff
C. Fostering Smooth workflow easy and human traffic
D. Devoid of individual privacy
17. Which of the following is an advantage of closed office?
A. It reduces fraudulent activities
B. It offers privacy and enhances staff
B. Status and prestige
C. Loneliness and boredom may result in laziness
D. Productivity is affected through laziness of closed office personnel
18. Which of the following is not a function of an office?
A. Receiving information
B. Storing information
C. Giving information
D. Scattering information
19. __is a situation whereby various resources are used to produce some results in an office
A. Office management
B. Open office
C. Office arrangement
D. None of the above
20. Which of the following is not a section in an office?
A. Mail room section
B. Reception section
C. Dancing section
D. Administrative section
21. Which of these is not a department in an office?
A. Sales department
B. Production department
C. Account/financial department
D. All of the above
22. The main function of sales department is to __
A. Effective sales
B. Produce
C. Take stock
D. Hire staff
23. Which of the following is not a function of sales department?
A. Keeping records of sales and expenses
B. Dealing with customers complaints
C. Ensuring quality of product is achieved
D. Sending catalogues and price lists to customers and processing invoices
24. The department that keeps the records of purchases and sales of other departments is known as__
A. Account/finance department
B. Production department
C. Medical department
D. Sales department
25. Which of the following department is responsible for hiring staff?
A. Personnel department
B. Transport department
C. Medical department
D. Administrative department
26. The___ department procures all necessary material needed for production or daily operations of the company or governmental organization
A. Transport
B. Administrative
C. Personnel
D. Purchasing
27. The function of purchasing department include____
A. Fulfilling the needs of other departments in the organization
B. Making goods available at the right time
C. preparation of reports on expenditure
D. all of the above
28. The role of administrative department within an organization is to ___
A. Receive requisition of materials from different departments
B. Handles all administrative issues and documents for the rest of the company
C. Deliver goods produced to their customers
D. Audit accounts at regular interval
29. The personnel department is also known as _____
A. Purchasing department
B. Transport department
C. Human resources department
D. None of the above
30. Which of these is not a key person in the office?
A. Board of directors
B. Managing director
C. The Company Chairman
D. the casual workers
31. _______ is what a person does to earn a living
A. Occupation
B. Transportation
C. Market
D. Capital
32. ________ is process of getting raw materials and natural resources from the soil and sea
A. Extractive occupation
B. Constructive occupation
C. Commercial occupation
D. Service
33. ________ is the process of transforming raw materials into finished goods.
A. Manufacturing
B. Service
C. Extractive
D. Constructive occupation
34. _______ is the putting together of different finished materials to build roads, cement, blocks and sand.
A. Constructive occupation
B. Service
C. Manufacturing occupation
D. Extractive occupation
35. ________ involves the marketing and distribution of products.
A. Constructive occupation
B. Service
C. Manufacturing occupation
D. Extractive occupation
36. Service occupation is divided into
A. 4
B. 2
C. 3
D. 6
37. _______ involves the giving of services to the public and directly to a private customer/client
A. Consumer
B. Indirect service
C. Public service
D. Direct services
38. _______ is a quality that is exhibited by a person who tells the truth at all times.
A. Kindness
B. Truthfulness
C. Faithfulness
D. Rightfulness
39. One of the following below is an attribute to faithfulness.
A. Happiness
B. Reliability
C. Kindness
D. Lie
40. ______ is a game used when players in game or business play according to the rules and without cheating.
A. Truthfulness
B. Fair play
C. Lie
D. Dishonesty
41. One of the following is a factor that.
A. Discount
B. Truth
C. Dishonesty
D. Climate
42. _______ is known as a one man business.
A. Partnership
B. Capital
C. Sole Proprietorship
D. Cooperative
43. _______ is an agreement between two or more persons to form a business with a motive of generating profit.
A. Job account
B. Cooperative
C. Partnership
D. Company
44. _______ is a society or association of individual with common interest who agrees to promote the interest of members.
A. Partnership
B. Company
C. Cooperative
D. Occupation
45. Limited liability company is divided into:
A. 3
B. 4
C. 2
D. 5
46. ______ is defined as a factor of production that co-ordinates other factor of production in order to produce goods and services.
A. Market
B. Capital
C. Rent
D. Entrepreneur
47. ______ among the factors of production bears risk.
A. Capital
B. Land
C. Labour
D. entrepreneur
48. What is the reward for entrepreneur?
A. Interest
B. Rent
C. Wages
D. Profit
49. ______ is a company which is registered as such and bears a name which could be a family name.
A. Corporative companies
B. Liability companies
C. Limited companies
D. Private limited companies
50. _______ is one in which contribute capital from the general public, foreigners and nationals by law.
A. private limited liability companies
B. Private bill
C. Liabilities
D. public limited liability companies
51. One of the following is a function of entrepreneur.
A. Risk bearing
B. Independent policy
C. Production
D. Poor management policy
52. _______ are standards guiding one to do the right things.
A. Ethics
B. Agreement
C. Risk
D. Right standard
53. _______ are the risk in which an entrepreneur bears except.
A. profit
B. stealing
C. bad weather
D. fire
54. _______ is been describe as venture like a one man or small scale business.
A. Small scale business
B. Public enterprises
C. Public limited company
D. Direct service.
55. _____ is been described as companies owned by government.
A. Public enterprises
B. Small scale business
C. partnership
D. Joint venture
56. _____ is the symbol of the public limited liability company
A. PLC
B. Enterprise
C. Liability
D. Company
57. A farmer belongs to the _____ types of occupation.
A. Extractive
B. Manufacturing
C. Service
D. Hawkers
58. _____ is a symbol of the private limited liability company.
A. Limited
B. PLC
C. Enterprise
D. Public and private liability company
59. Road building belongs to the _____ type of occupation.
A. Extractive
B. Constructive
C. Commercial
D. Service
60. Advertising belong to the _______ type of occupation
A. service
B. Commercial
C. Extraction
D. Manufacturing
61. the double entry book keeping states that, for every debit entry, there must be ---------
A. corresponding sales entry
B. corresponding purchase entry
C. corresponding credit entry
D. corresponding balance entry
62. ----------- is the recording of business transactions of both cash and credit
A. book keeping
B. accounting
C. market
D. capital
63. ........... states that for every debit entry there must be a corresponding credit entry and vice versa
A. principle of double entry
B. book keeping
C. trade
D. service
64. ............ is the process of transforming raw materials into finished goods
A. manufacturing
B. service
C. extractive
D. constructive occupation
65. ............. Is the putting together of different finished materials to build roads, cements, blocks and sand
A. constructive occupation
B. service
C. manufacturing occupation
D. extractive occupation
66. ............ involves the marketing and distribution of products
A. constructive occupation
B. service
C. manufacturing occupation
D. extractive occupation
67. ............ is a person who purchase goods and service for his or her personal use
A. consumer
B. market
C. society
D. trade
68. ............. Involves the giving of services to the public and directly to a private customer/client
A. consumer
B. indirect service
C. public service
D. direct service
69. ............. Is quality that is exhibited by a person who tells the truth at all times
A. kindness
B. truthfulness
C. faithfulness
D. rightfulness
70. One of the following below is an attribute of faithfulness
A. happiness
B. reliability
C. kindness
D. lie
71. The branch of social science that deals with moral principles and social values
A. school
B. ethics
C. value
D. none of the above
72. Business ethics include which of the following?
A. payment of taxes
B. protection of small businessmen
C. protect the interest of others
D. all of the above
73. The do’s and don’ts of business is known as----------
A. by law
B. code
C. conduct
D. none of the above
74. Business ethics include all of the following except......
A. requires education and guidance
B. provides basic frame work
C. allows for self justification
D. based on social and moral values
75. Business ethics is needed because............
A. it improves customers confidence
B. stops business malpractices
C. safeguarding customers
D. all of the above
76. It is important to treat customers with respect because they are always............
A. right
B. lawless
C. rigid
D. shy
77. The main aim of business is ................
A. profit
B. loss
C. customer satisfaction
D. producer satisfaction
78. The chemical include which of the following
A. paints
B. acetones
C. ink
D. all of the above
79. In sourcing chemical, which of these is not necessary?
A. proper disposal
B. good handling technician
C. from licensed chemical vendor
D. know the house of the producer
80. Which of the following is regarded as consumer?
A. a person who buys goods for resale
B. a person who buys goods for own use
C. a person who buys goods for marketing purpose
D. none of the above
81. The following are examples of goods except .................
A. pen
B. television
C. phone
D. mtn
82. Which of the following is not an example of service provider?
A. dry cleaner
B. air dresser
C. taxi driver
D. robber
83. ..................... is a medium in which buyers and sellers of specific goods and services interact in order to facilitate an exchange?
A. shopping
B. market
C. consumption
D. production
84. Which of the following is not a right of consumers?
A. right to information
B. right to safety
C. right to consumer education
D. right to know the producer
85. The consumers are responsible for
A. self help
B. proper claim
C. proof of transaction
D. all of the above
86. The final destination of all transaction in the subsidiary books is known as...............
A. credit note
B. ledger
C. journal
D. none of the above
87. Which of the following is not a division of ledger?
A. nominal ledgers
B. personal ledgers
C. general ledgers
D. office ledger
88. An account is classified into personal and ...............
A. private
B. impersonal
C. regular
D. constant
89. The account for an individual’s firm and enterprise is ..............
A. ledger account
B. normal account
C. personal account
D. abnormal account
90. Impersonal account can be further classified into
A. real and nominal
B. regular and constant
C. personal and impersonal
D. receipt and ledgers