JSS1 Business Studies.

1. ——— can be referred to the situation in which a person says only what is true (a) honesty (b)
truthfulness (c) facts (d) forthrightness

2. One of the following is NOT an aid to trade (a) Banking (b) Insurance (c) Advertising (d) Stock

3. The place where goods are stored until they are needed is known as ———— (a) Space bar (b) room
(c) bank-house (d) warehouse

4. One of the following is a factor of production (a) land (b) agriculture (c) industry (d) rent

5. The business financed, formed and controlled by one person is termed ……. (a) Corporation (b)
partnership (c) sole proprietorship (d) cooperative society

6. The factor that coordinates or makes use of the other factors of production is the …… (a) Land (b)
capital (c) labour (d) entrepreneur

7. Staff matters in any organization are treated by …….. (a) Personnel department (b) production
department (c) sales department (d) finance department

8. The role of insurance in commerce is essentially to ……… (a) Prevent damage (b)minimize business risk
(c) prevent wasteful ventures (d) none of the above

9. Which of the following is not an extractive occupation (a) Dentistry (b) farming (c) fishing (d) Mining?

10. ……. Is the reward of land (a) Entrepreneur (b) Money (c) Capital (d) Rent?

11. The occupation in which goods and services are produced in return for money is__

A. Stealing

B. Business

C. Trading

D. Education

12.. 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

13. Which of the following is not a business activity?

A. Trading

B. Banking

C. Trekking

D. Manufacturing

14. 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

15. 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

16. Which of the following is not a component of business studies?

A. Office practice

B. Commerce

C. Book keeping

D. Physics

17. Which of the following is a career in business studies?

A. Chemistry

B. Book keeping

C. Engineering

D. Medicine
18. Which of the following places would you find an office?

A. Market

B. Stadium

C. School

D. None of the above

19. Which of the following is not a function of an office?

A. Receiving information

B. Storing information

C. Giving information

D. Scattering information

20. __is a situation whereby various resources are used to produce some results in an office

A. Office management

B. Open office

C. Office arrangement

21. Which of the following is not a section in an office?

A. Mail room section

B. Reception section

C. Dancing section

D. Administrative section

22. 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

23.. The main function of sales department is to __

A. Effective sales

B. Produce

C. Take stock

D. Hire staff

24. 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

25. 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

26. Which of the following department is responsible for hiring staff?

A. Personnel department

B. Transport department

C. Medical department

D. Administrative department

27. 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

28. 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

29. 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

30. The personnel department is also known as _____

A. Purchasing department

B. Transport department

C. Human resources department

D. None of the above

31. ______ is a quality that is exhibited by a person who tells the truth at all times.

A. Kindness

B. Truthfulness

C. Faithfulness

D. Rightfulness

32. One of the following below is an attribute to faithfulness.

A. Happiness

B. Reliability

C. Kindness

D. Lie

33. ______ 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

34. _______ 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

35. _______ 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

36. Limited liability company is divided into:

A. 3

B. 4

C. 2

D. 5

37. ______ 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

38. _______ 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

39. One of the following is a function of entrepreneur.

A. Risk bearing

B. Independent policy

C. Production

D. Poor management policy

40. _______ are standards guiding one to do the right things.

A. Ethics

B. Agreement

C. Risk

D. Right standard

THEORY. (SECTION B: Answer any 4 questions in this section).

1a. What is Business Studies?

1b. Explain 4 importance of Business Studies.

1c. List 4 objectives of Business Studies.

2a. Define an Office.

2b. List the types of office in an organisation.

2c. List 6 basic functions of an office.

3a. Who is a clerical staff?

3b. State 6 qualities of a clerical staff.

3c. List the 2 types of clerical staff.

4a. What is department?

4b. List the 6 departments in an organisation.

4c. List 2 functions of production department.

5a. What is Commerce?

5b. State 4 importance of commerce.

5c. List 4 examples of aids to trade.