Second Term Examination
Class : JSS 1
Subject : Business Studies
Time : 2 Hours
Part A : Objective Questions
1. A branch of study which deals with the buying and selling of goods and other services which assist trade is ___________. (a) Economics (b) Basic Science (c) Commerce (d) Sociology
2. Which of the following aids buying and selling? _________ (a) Commerce (b) Advertising (c) Event planning (d) Filling
3. Production can be divided into ________. (a) 2 (b) 3 (c) 4 (d) 5
4. All are components of business studies except ___________. (a) geography (b) office practice (c) keyboarding (d) book keeping
5. Which of the following is a result of entrepreneur? (a) wages (b) interest (c) losses (d) profit/loss
6. Which is not a factor of production? (a) labour (b) capital (c) salary (d) land
7. Business Studies is made up of how many components? (a) 5 (b) 3 (c) 4 (d) office practice only
8. All the activities that makes it possible for customers to get goods and services to satisfy their wants is called _______________. (a) demand (b) supply (c) marketing (d) production
9. Which of these can be classified under industrial production? (a) extractive industry (b) marketing of products (c) transportation (d) insurance
10. All of these are concerned with industrial products except _________. (a) constructive (b) marketing (c) extractive (d) manufacturing
11. Which of the following industry is concerned with Primary production? (a) welder (b) commercial (c) technician (d) extractive
12. A branch of commerce which provides us with food and raw materials is called _________. (a) manufacturing industry (b) constructive industry (c) extractive industry (d) commercial industry
13. All of the following activities are concerned with extractive industry except ________. (a) road construction (b) mining (c) farming (d) fishing
14. Cattle rearing belongs to ________ industry. (a) constructive (b) manufacturing (c)extractive (d) secondary
15. The industry that convert raw materials into finished goods is called _____________. (a) constructive (b) manufacturing (c) extractive (d) secondary
16. Furniture makers are in ______ industry. (a) constructive (b) manufacturing (c) extractive (d) secondary
17. Trade can be divided into ________ and _________. (a) wholesale and retail (b) import and export (c) home and foreign (d) import and retail
18. Goods produced and sold locally in Nigeria is called ________. (a) foreign trade (b) import trade (c) home trade (d) street trade
19. Trade between Nigeria and Ghana is called ________. (a) home trade (b) foreign trade (c) import (d) export
20. Traders who buys goods in small quantities are _________. (a) consumers (b) hawkers (c) wholesalers (d) retailers
21. A place where clerical activities take place is called __________. (a) a room (b) department (c) an office (d) warehouse
22. An office that can accommodate 20 workers or more is called _______. (a) large office (b) small office (c) pkc office (d) room office
23. Which of these is not commonly found in an office? (a) typewriter (b) telephone (c) cabinet (d) cigarette
24. Which of the following is not a function of an office? (a) receiving information (b) recording information (c) preparing food for workers (d) storing information
25. Relationship among staff is very close in ________ office. (a) large (b) open (c) staff (d) small
26. Which of the following best describes a place where information is received, sorted and acted upon and filled for future use? (a) business premises (b) an office (c) canteen (d)bursar’s office
27. ________ department is concerned with planning the activities of the organization. (a) purchasing (b) transport (c) store (d) planning
28. The department responsible for buying things is called _________. (a) purchasing (b) transport (c) stores (d) planning
29. The Financial statement of the organisation is usually prepared by _______. (a) account (b) transport (c) purchasing (d) personnel
30. ________ department is responsible for movement of staff and materials from one location to the other. (a) transport (b) personnel (c) purchasing (d) marketing/sales
31. In a small office, the staff strength is _______. (a) few (b) numerous (c) heavy (d) many
32. ________ department is in charge of employment of workers. (a) account (b) sales (c) personnel (d) marketing
33. All these are career subjects in business studies except ________. (a) banking (b) accounting (c) marketing (d) engineering
34. Production involves the production of goods and ________. (a) products (b) books (c) services (d) marketing
35. New products are made known to customers by ______________. (a) insurance (b) transportation (c) advertising (d) warehousing
36. The aids to trade which helps business in their financial transactions are called __________. (a) advertising (b) insurance (c) banking (d) warehousing
37. The purpose of production is to ________. (a) produce for the rich (b) satisfy customer wants (c) sales (d) advertisement
38. _________ and __________ are two types of office.
39. The last person in the chain of distribution is the _________. (a) producer (b) hawker (c) consumer (d) retailer
40. Commercial services can be divided into all these except _______. (a) manufacturing (b) transportation (c) warehousing (d) banking
Section B : Theory
Instructions: Answer all questions .
1a. Define a clerical staff
1b. List four differences between home trade and foreign trade in a tabular form.
1c. With the aid of a diagram, draw the different branches of trade
2a. State the attributes of fair play with the aid of a diagram
2b. List four successful entrepreneurs in Nigeria
3a. Define Book-keeping
3b. Mention four qualities of a book keeper
3c. List four source documents used in book-keeping
4a. In a tabular form list the factors of production and their rewards.
4b. List four examples each of direct and indirect services
4c. With the aid of a diagram, describe labour