BUSINESS STUDIES JSS 1

1.       Examples of commercial occupation are excepts

• banking

• insurance 

• warehousing

• farming

   2.    Which of the following statements is not true of extractive occupation?

• it is also called primary production

• examples are farming, hunting, fishing

• a banker is in an extractive occupation

• it involves production of raw materials

3.   The following are branches of occupation except  

• Mining

• hunting

• banking

• dancing

4.    Which of the following is not in the group 

• warehousing

• banking

• transportation

• fishing

5.   The main aim of establishing a business is to …………..

• satisfy consumer

• feed

• make profit

• face competitors

5.  The reward to the entrepreneur as a factor of production is ………..

• capital

• profit 

• risks 

• money

7. Which of the following is not a member of the group 

• entrepreneur

• land 

• labour

• transport

8. The person or organizations that decide to go into business is called ……….. 

• land

• capital

• entrepreneur

• labour

8.  Which of the following is not trained to handle is work  

• the labourer

• the teacher

• the doctor

• the mechanic

8. ………….. is someone that has been given the permit to import, buy and sell chemicals 

• an agent 

• a retailer

• a consumer

• a licensed vendor