Week 7 Mid Term Assessment and Break Business Studies JSS 3 First Term Lesson Notes

Week 7 Mid Term Assessment and Break

Mid Term Assessment Questions on the Topics Previously Covered

Part A: Objective Questions

(Select the correct option: a, b, c, or d)

1. A document that shows the total amount due for goods supplied is called a _____. a) Receipt
   b) Invoice
   c) Bill
   d) Voucher
2. An invoice is usually sent _____ goods are delivered. a) before
   b) during
   c) after
   d) none of the above
3. The role of transportation in business is to _____. a) promote sales
   b) move goods and services from one place to another
   c) improve communication
   d) create advertisements
4. The SWOT analysis tool helps businesses to analyze their _____. a) goals and plans
   b) strengths, weaknesses, opportunities, and threats
   c) profits and losses
   d) customer satisfaction
5. A receipt is issued when _____. a) goods are delivered
   b) an invoice is sent
   c) payment has been made
   d) an order is placed
6. The payment method which involves issuing a signed paper authorizing payment is called a _____. a) cheque
   b) electronic transfer
   c) cash payment
   d) barter
7. The type of office equipment used for making paper copies of documents is called a _____. a) printer
   b) scanner
   c) photocopier
   d) fax machine
8. Verbal communication can take place through _____. a) emails
   b) phone calls
   c) letters
   d) brochures
9. Advertising that reaches a wide audience through radio and TV is known as _____ advertising. a) print
   b) broadcast
   c) digital
   d) outdoor
10. One of the weaknesses in SWOT analysis could be _____. a) increased competition
    b) high employee turnover
    c) technological advances
    d) high customer satisfaction
11. Store records are kept to _____. a) track financial expenses
    b) manage inventory and stock
    c) advertise products
    d) send bills to customers
12. Which of the following is NOT a type of transportation used in business? a) Road
    b) Rail
    c) Space shuttle
    d) Air
13. The office equipment used to send a printed document to a remote location over a phone line is called a _____. a) fax machine
    b) printer
    c) scanner
    d) photocopier
14. A business’s strengths are characteristics that _____. a) give it an advantage over competitors
    b) cause it to lose customers
    c) put it at risk
    d) affect its profits negatively
15. An important role of advertising is to _____. a) reduce production costs
    b) create awareness about a product or service
    c) increase transportation needs
    d) manage stock levels
16. Payment through electronic transfer is _____. a) delayed for 7 days
    b) instant and secure
    c) prone to errors
    d) always expensive
17. The SWOT analysis helps a business in _____. a) improving communication with customers
    b) making strategic decisions based on internal and external factors
    c) advertising new products
    d) creating bills and invoices
18. One way to improve communication in business is to _____. a) use more technical language
    b) provide clear and concise messages
    c) avoid listening to feedback
    d) rely solely on emails
19. Office equipment should be regularly _____. a) ignored when malfunctioning
    b) cleaned and maintained
    c) disposed of
    d) replaced every year
20. The media channel that uses billboards and posters for advertising is called _____. a) print media
    b) digital media
    c) broadcast media
    d) outdoor media

Part B: Theory Questions

(Answer the following questions briefly)

1. What is the difference between a bill and an invoice?
2. Mention three methods of payment used in business transactions.
3. Explain the importance of advertising in business.
4. What is the purpose of conducting a SWOT analysis in business?
5. List four types of transportation used in business and explain their roles.
6. Why is it important to keep store records in business?
7. Explain the difference between verbal and non-verbal communication.
8. What are the benefits of using office equipment in business operations?
9. Describe two types of advertising media and give examples of each.
10. What are the advantages of electronic transfers over cash payments?
11. Explain how office equipment like printers and photocopiers can improve business efficiency.
12. What are the main components of a business plan?
13. Why is it important to manage inventory effectively in a business?
14. Give two examples of strengths and two examples of weaknesses in a SWOT analysis.
15. What are the common barriers to effective communication in business?
16. Describe the role of a receipt in a business transaction.
17. What is the difference between a cheque and a cash payment?
18. List two advantages of using digital advertising over print advertising.
19. Explain how transportation affects the distribution of goods.
20. What are the four parts of a SWOT analysis and what does each represent?

Part C: True or False Questions

(Indicate whether the statement is True or False)

1. A receipt is issued before payment is made. (True / False)
2. Office equipment such as printers can improve the efficiency of a business. (True / False)
3. SWOT analysis focuses only on the strengths of a business. (True / False)
4. Verbal communication is the only effective form of communication in business. (True / False)
5. A bill is a request for payment after services have been provided. (True / False)
6. Digital media is the best form of communication for every business. (True / False)
7. Photocopiers can be used to scan documents. (True / False)
8. Transportation is essential for the distribution of goods in business. (True / False)
9. Office equipment does not need regular maintenance. (True / False)
10. Print media includes television and radio advertising. (True / False)
11. Keeping proper store records helps in preventing stock shortages. (True / False)
12. A business plan is only necessary for large businesses. (True / False)
13. A cheque is a form of electronic payment. (True / False)
14. Advertising is not necessary for small businesses. (True / False)
15. Road transportation is the only means of transporting goods in business. (True / False)
16. A receipt confirms that payment has been made for goods or services. (True / False)
17. One of the opportunities in a SWOT analysis could be the growth of the market. (True / False)
18. A company’s weakness in a SWOT analysis could be poor management. (True / False)
19. Barriers to effective communication can include language differences and technical issues. (True / False)
20. A photocopier is used to make electronic transfers. (True / False)

Part D: Fill in the Gaps

(No options provided)

1. A _____ is a document that acknowledges payment received.
2. Effective _____ is essential for the success of any business.
3. Office _____ include printers, computers, and photocopiers.
4. SWOT stands for Strengths, Weaknesses, _____, and Threats.
5. A business’s _____ are its internal advantages that help it succeed.
6. A _____ is issued when payment is made for a service or product.
7. A key role of _____ in business is moving goods from one place to another.
8. A _____ is sent to a customer to request payment for goods or services.
9. Office equipment like printers and scanners help in _____ work processes.
10. An important _____ of advertising is creating awareness about a product.
11. Communication in business can be _____ or written.
12. A store record is used to keep track of _____.
13. A cheque is a form of _____ payment.
14. One of the weaknesses in a SWOT analysis could be poor _____.
15. Digital advertising is commonly done through _____.
16. Verbal communication in business is often conducted through _____.
17. A _____ is used to make paper copies of documents.
18. An important part of managing stock is keeping accurate _____ records.
19. An _____ is a document sent to a customer to detail the goods delivered and the amount due.
20. The goal of _____ is to inform and persuade customers to buy products.

This assessment covers all the areas you’ve requested, providing a comprehensive evaluation of the student’s understanding of the topics.