JSS3 BECE Business Studies Quiz

Which of the following is a function of an office?

• Selling goods

• Serving customers

• Keeping records

• Producing machines

A petty cash book is used to record __________.

• wages and salaries

• purchase of land

• small day-to-day expenses

• capital expenditure

A person who owns and runs a business is called a __________.

• trader

• marketer

• consumer

• sole proprietor

The person responsible for recording goods bought and sold in the ledger is the __________.

• cashier

• accountant

• messenger

• sales manager

The act of sending and receiving messages in business is known as __________.

• transportation

• communication

• advertising

• production

A ledger is used to record __________.

• wages

• sales only

• capital and expenses

• all business transactions

One of the qualities of a good entrepreneur is __________.

• laziness

• dishonesty

• creativity

• pride

Trade involving the exchange of goods without money is called __________.

• counter trade

• barter

• local trade

• import

The method of payment in which goods are paid for after some time is called __________.

• cash

• credit

• installment

• barter

Bookkeeping deals with __________.

• measuring profit

• drawing plans

• keeping financial records

• producing budgets