MID TERM TEST FIRST TERM JS 3 BUSINESS STUDIES

1ST TERM MID TERM TEST

Subject:  Business Studies      

Class: JSS 3 Time:

1. The reward for capital is (a)Interest (b) Rent(c)Wages/salaries(d)Profit
2. The art of keeping accounts in a regular ad systematic manner is called______(a)Book-keeping (b)Accounting(c)Capital (c)Double entry 
3. The advertising media usually found on strategic points along roads and city centers are _______ (a) billboards (b) journals (c) news papers (d) radio
4. A principal office is an example office of a _________(a)Departmental (b)Large (c)Sales (d)small
5. The movement of people and goods from one place to another (A) Communicator (b)Transportation (c)Advertising (d)Banking
6. A computer is said to be reliable because_______ (a)Fast (b)Accurate (c)Strong (d)Unique
7. Which of the following is not a source document (a)Delivery note (b)Receipt (c)Debit note (d)Credit note
8. ______ serves   as evidence of payment (a)Invoice (b)Debit note (c)Credit note (d)Receipt
9. The following are various departments in an organization except______(a)Organization department (b)Purchasing department (c)Sales department (d)Personnel department
10. The art of writing that uses signs and strokes to represent spoken sound is called_____(a)Diction (b)Phrase (c)Shorthand (d)Vowel
11. Business owned by government is called _________ (a)Public corporation (b)Legal company (c)Government property (d)Partnership
12. Advertising helps to  ______(a)Reduces stress (b)Increase sales (c)Increase stock (d)Improve stock
13. A person who buy a product for his or her personal consumption is  known  as _________ (a)Wholesaler (b)Store keeper (c)Consumer (d)Agency
14. A department which deals with the staff recruitment, promotion, and welfare is known as ________  (a)Sales department (b)Personnel department (c)Marketing department (d)Administrative department
15. The person who receives and directs visitors in an organization is called ______ (a)Gateman (b)Clerk (c)Receptionist (d)Conductor
16. Another name for mail is ______(a)Document (b)Letter (c)Passport (d)Call
17. Which machine could be used to produce  exact    copy of the original document within the shortest minutes(a)Computer (b0Camera (c)Photocopy machine(d)Typewriter
18. _____ is the transfer of risk of life and properties (a)Will (b)Banking (c)Transportation (d)Insurance
19. ________ are asset that  are not permanent in nature (a)fixed asset (b)Liabilities (c)Current assert (d)Tangible assert 
20. In the features of market, there must be a _____(a)Gold and silver (b) Money and cheque(c)buyer and seller(d)Teller and ship 
21. A trading account is prepared to know ______(a)Cost of sales (b)Gross profit or loss(c)Dividend (d)Surplus
22. The financial institution that accept deposits and grant loan to their customers is called _____(a)Central bank (b)Commercial bank (c)Mortgage bank  (d)World bank 
23. Production is _______ (a)Satisfaction (b)Creation of utilities (c)Purchasing (d)Consumption  of goods
24. _______is reduction in the price of goods in order to encourage customers to  buy in large quantities(a)Promotion (b)Discount (c)Fraud (d)Gift
25. The regular payment made by the insured to the insurer is called ______ (a)Dividend (b)Premium (c)Profit (d)Cash
26. The fastest means of transportation but most likely risky is ______ transportation(a)Road   (b)Air (c)Pipeline  (d)Rail
27. All these are functions of an office except _______(a)Processing (b)Arranging information (c)Distorting information (d)receiving
28. Which column of cash book is used for recording description of transaction(a)Folio(b)Particular (c)Date (d)Amount
29. _______ is the mirror of an organization(a)Reception (b)Bursar (c)Receptionist (d)Security 
30. All these are career opportunities in business studies except (a)Account (b)Doctor (c)Bursar(d)Stock broker

THEORY

Answer FIVE out of the following questions 

1. What is advertising 
2. Mention four types of advertising 
3. Define advertising media 
4. Give six  advertising media you know
5. What is communication 
6. Mention four means of  communication 
7. What is office procedure?
8. Explain the following documents 
   • Invoice
   • Receipt
   • Service bill
9. Define business goal 
10. State the five characteristics of business goals