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 the 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;

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 referred to as

A. Health education
B. Mathematics
C. English Language
D. Business Studies

6. Business studies are important because

A. It helps business intellect
B. It prepares students to handle their business properly
C. It helps to make a useful living
D. All of the above

7. Which of the following is the 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. Bookkeeping
D. Physics

9. The occupation which we adopt for earning a 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. Bookkeeping
C. Engineering
D. Medicine

11. A room or building set aside within an organization to perform various clerical transactions which may range from Financial, Personnel, Legal, Medical, and 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. The importance of office layout includes__

A. Making supervision easier
B. Providing physical and healthy comfort for workers including smooth and cordial intercommunication among office personnel
C. Move 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 a 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 by the 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. Mailroom 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 the 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 the 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 departments 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 the purchasing department includes____

A. Fulfilling the needs of other departments in the organization
B. Making goods available at the right time
C. preparation of expenditure reports
D. all of the above

28. The role of an 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 intervals

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 the 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 san
D.

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 these is an attribute of faithfulness.

A. Happiness
B. Reliability
C. Kindness
D. Lie

40. ______ is a game used when players in a 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 the motive of generating profit.

A. Job account
B. Cooperative
C. Partnership
D. Company

44. _______ is a society or association of individuals with common interests who agree to promote the interests 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 coordinates other factors of production 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 entrepreneurs?

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 which contributes 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 the 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 risks which an entrepreneur bears except.

A. profit
B. stealing
C. bad weather
D. fire

54. _______ is described as a 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 the 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 belongs to the _______ type of occupation

A. service
B. Commercial
C. Extraction
D. Manufacturing

61. The double entry bookkeeping 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, cement, 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 purchases goods and services 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 a 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 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 includes which of the following

A. paints
B. acetones
C. ink
D. all of the above

79. In sourcing chemicals, 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 a consumer?

A. a person who buys goods for resale
B. a person who buys goods for their use
C. a person who buys goods for marketing purposes
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 a 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 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 transactions 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 accounts can be further classified into

A. real and nominal
B. regular and constant
C. personal and impersonal
D. receipt and ledgers