MID TERM TEST FIRST TERM JS 3 BUSINESS STUDIES
1ST TERM MID TERM TEST
Subject: Business Studies
Class: JSS 3 Time:
- The reward for capital is (a)Interest (b) Rent(c)Wages/salaries(d)Profit
- The art of keeping accounts in a regular ad systematic manner is called______(a)Book-keeping (b)Accounting(c)Capital (c)Double entry
- The advertising media usually found on strategic points along roads and city centers are _______ (a) billboards (b) journals (c) news papers (d) radio
- A principal office is an example office of a _________(a)Departmental (b)Large (c)Sales (d)small
- The movement of people and goods from one place to another (A) Communicator (b)Transportation (c)Advertising (d)Banking
- A computer is said to be reliable because_______ (a)Fast (b)Accurate (c)Strong (d)Unique
- Which of the following is not a source document (a)Delivery note (b)Receipt (c)Debit note (d)Credit note
- ______ serves as evidence of payment (a)Invoice (b)Debit note (c)Credit note (d)Receipt
- The following are various departments in an organization except______(a)Organization department (b)Purchasing department (c)Sales department (d)Personnel department
- The art of writing that uses signs and strokes to represent spoken sound is called_____(a)Diction (b)Phrase (c)Shorthand (d)Vowel
- Business owned by government is called _________ (a)Public corporation (b)Legal company (c)Government property (d)Partnership
- Advertising helps to ______(a)Reduces stress (b)Increase sales (c)Increase stock (d)Improve stock
- A person who buy a product for his or her personal consumption is known as _________ (a)Wholesaler (b)Store keeper (c)Consumer (d)Agency
- 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
- The person who receives and directs visitors in an organization is called ______ (a)Gateman (b)Clerk (c)Receptionist (d)Conductor
- Another name for mail is ______(a)Document (b)Letter (c)Passport (d)Call
- 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
- _____ is the transfer of risk of life and properties (a)Will (b)Banking (c)Transportation (d)Insurance
- ________ are asset that are not permanent in nature (a)fixed asset (b)Liabilities (c)Current assert (d)Tangible assert
- 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
- A trading account is prepared to know ______(a)Cost of sales (b)Gross profit or loss(c)Dividend (d)Surplus
- 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
- Production is _______ (a)Satisfaction (b)Creation of utilities (c)Purchasing (d)Consumption of goods
- _______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
- The regular payment made by the insured to the insurer is called ______ (a)Dividend (b)Premium (c)Profit (d)Cash
- The fastest means of transportation but most likely risky is ______ transportation(a)Road (b)Air (c)Pipeline (d)Rail
- All these are functions of an office except _______(a)Processing (b)Arranging information (c)Distorting information (d)receiving
- Which column of cash book is used for recording description of transaction(a)Folio(b)Particular (c)Date (d)Amount
- _______ is the mirror of an organization(a)Reception (b)Bursar (c)Receptionist (d)Security
- 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
- What is advertising
- Mention four types of advertising
- Define advertising media
- Give six advertising media you know
- What is communication
- Mention four means of communication
- What is office procedure?
- Explain the following documents
- Invoice
- Receipt
- Service bill
- Define business goal
- State the five characteristics of business goals
