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Business Studies Mock

Total questions: 80

Worksheet time: 27mins

Name
Class
Date
1.

Memorandum is used ______

a)

Between different organizations

b)

By two companies only

c)

To communicated between different government institution

d)

To communicate to the world

e)

Within an organization

2.

Which of the following is not a purchase document?

a)

Credit note

b)

Invoice

c)

Letter of enquiry

d)

Price list

e)

Receipt

3.

The records that pass between one organization to another for effective and smooth running of business transaction is called office _______

a)

Correspondence

b)

Document

c)

Files

d)

Itinerary

e)

Memoranda

4.

The reception possesses the following qualities except

a)

Neatness

b)

Politeness

c)

Punctuality

d)

Rudeness

e)

Sincerity

5.

Which of the following document is not handled by a receptionist?

a)

Business card

b)

Delivery note

c)

Request form

d)

Telephone directory

e)

Visitor’s book

6.

The records that are kept in the offices for keeping information that concerns mails is called office ______

a)

Chart

b)

Correspondence

c)

Diagram

d)

Document

e)

Procedure

7.

The following are functions of purchasing department except

a)

Ensuring the correct quantities of goods supplied

b)

Keeping records of goods

c)

Making sure the products are of good quality

d)

Paying workers salaries promptly

e)

Storing goods until they are needed

8.

An officer who gets goes to office on time is said to be _______

a)

Faithful

b)

Obedient

c)

Punctual

d)

Regular

e)

Sincere

9.

Which of the following is a reward for being devoted to duty?

a)

Demotion

b)

Negligence

c)

Query

d)

Promotion

e)

Suspension

10.

The following shows the importance of office procedure except that it

a)

Allows for better co-ordination of activities

b)

Creates friction between staff and management

c)

Promotes a better flow of work in the office

d)

Promotes effective staff training programme

e)

Reduces the general cost of running business

11.

The sequence in which particular operations are carried out in respect to the performance of business activities of an organization is called

a)

Business operation

b)

Business opportunity

c)

Office arrangement

d)

Office performance

e)

Office procedure

12.

The machine that is used in place of postage stamp is _______ machine

a)

Addressing

b)

Duplicating

c)

Franking

d)

Perforating

e)

Photocopying

13.

Keyboarding skills is important in business because it

a)

Increase the production of materials with pen

b)

Is good for the production personal handwritten documents only

c)

Is used for musical purpose only

d)

Take a longtime to complete writing of large volume document

e)

Takes short time to produce handwritten materials for personal and professional uses

14.

Which of the following offices is not found in a manufacturing organization?

a)

Accounts

b)

Administrative

c)

Consultancy

d)

Personnel

e)

Sales

15.

An office with a big space where many workers carry out different activities is called _______ offices

a)

Administrative

b)

Closed

c)

Large

d)

Open

e)

Small

16.

An office can best be defined as a place where

a)

Building and desks are displayed

b)

Business is carried out

c)

Buying and selling is done

d)

Debts are paid

e)

People discus their problems

17.

Research and development department can also be referred to as ______ department

a)

Administration

b)

Finance

c)

Planning

d)

Sales

e)

Transport

18.

The department that is responsible for changing raw materials into finished good is carried ________

a)

Finance

b)

Marketing

c)

Production

d)

Purchasing

e)

Transport

19.

The following are function of an office except _______ information

a)

Concealing

b)

Collecting

c)

Receiving

d)

Recording

e)

Sorting

20.

Advertising and customers services unit can be found in which of these departments?

a)

Personnel

b)

Procurement

c)

Production

d)

Purchasing

e)

Sales

21.

The various department that can be found in an organization include the following except

a)

Administrative

b)

Finance

c)

Personnel

d)

Production

e)

Protocol

22.

A place where an organization set up to co-ordinate its activities is referred to a/an

a)

Department

b)

Field

c)

Office

d)

Room

e)

Warehouse

23.

1. The department that is referred to as the ‘nerve – centre’ of the organization is

a)

Accounts

b)

Administration

c)

Purchase

d)

Sales

e)

Transport

24.

A comprehension and practical subject that prepares students for managerial role in both private and public sector is called _________

a)

Agricultural science

b)

Business studies

c)

Further mathematics

d)

Home management

e)

Physical education

25.

Which of the following is not a component of business studies?

a)

Book-keeping

b)

Commerce

c)

Keyboarding

d)

Office practice

e)

Salesmanship

26.

Any office item which is operated either manually, mechanically or electronically to aid the office worker perform his duties faster, neater and more efficiently is called _______

a)

Communication media

b)

Office document

c)

Office equipment

d)

Office procedure

e)

Organization chart

27.

Which of the following is not a personal quality of a clerk

a)

Courtesy

b)

Dedication

c)

Good appearance

d)

Good habit

e)

Loyalty

28.

Which of the following is not a term used in the office in relation to mail?

a)

Dispatch

b)

Inward

c)

Outward

d)

Postage

e)

Sales

29.

The use of office correspondence records help the organization to know the number of _____ that comes into an organization

a)

Bags

b)

Boxes

c)

Files

d)

Letter

e)

Tags

30.

A good receptionist treats visitors to the organization with ________

a)

Disobedience

b)

Hostility

c)

Indifference

d)

Respect

e)

Scorn

31.

Business organization always employ a ______ looking receptionist

a)

Fierce

b)

Haggard

c)

Horrible

d)

Rugged

e)

Smart

32.

The following are the duties of a junior clerk in an organization except

a)

Date – stamping the mails

b)

Delivering mails to units or departments

c)

Posting letter/parcels

d)

Receiving mails

e)

Taking minutes

33.

Which of the following is not a responsibility of a clerk?

a)

Dispatching of mails

b)

Filling documents

c)

Inspection of vehicles

d)

Keeping records

e)

Sorting letters

34.

An office where twenty or more persons are carrying out different activities is known as _____ office

a)

Closed

b)

Large

c)

Reception

d)

Secretary’s

e)

Small

35.

Which of the following departments is incharge of staff welfare in an organization?

a)

Finance

b)

Personnel

c)

Production

d)

Sales

e)

Transport

36.

A receptionist is important in an office because he/she _______

a)

Cracks jokes with visitors

b)

Economizes visitors form

c)

Is always punctual to the office

d)

Protects the image of the organization

e)

Provides seats to visitors

37.

Which of the following is not an attribute of honesty?

a)

Commitment

b)

Dedication

c)

Devotion

d)

Fraudulence

e)

Sincerity

38.

A person who posses right attitude to work has the following characteristics except

a)

Consistency

b)

Hard work

c)

Honesty

d)

Punctuality

e)

Truancy

39.

The visitors book in an organization is handled by the _____

a)

Clerk

b)

Director

c)

Receptionist

d)

Secretary

e)

Security

40.

The clerical staff performs varieties of functions except

a)

Directing visitors to the executive’s office

b)

Filling documents

c)

Laundering for the boss

d)

Running official errands

e)

Sorting paper works.

41.

Financial transactions of an organization is prepared and kept by………….department

a)

Accounts

b)

Legal

c)

Personnel

d)

Personnel

e)

Production

42.

Which of these is not a method of paying wages?

a)

Commission bonus

b)

Dividend payment

c)

Flat rate

d)

Premium bonus

e)

Time rate

43.

Which of these is not a reward for being a truthful employee?

a)

Demotion

b)

Favour

c)

Freedom

d)

Promotion

e)

Trust

44.

Creating public awareness about the organization’s product is the responsibility of ………………

a)

Marketing

b)

Personnel

c)

Production

d)

Purchasing

e)

Transport

45.

Incoming and out coming mails of an organization are called………………..

a)

Bulletin

b)

Correspondence

c)

Journal

d)

Handbill

e)

Magazine

46.

The following are sanctions to check lateness to work except

a)

Denial of opportunities

b)

Elevation

c)

Pay deduction

d)

Query

e)

Suspension

47.

Which of the following is not a benefit of devotion to duty in an organization?

a)

Increase in cost of production

b)

Improvement in productivity

c)

Morale booster to the workers

d)

Stress free

e)

Workers frustration is avoided.

48.

Commercial banks performs the following functions except

a)

Accepting deposits

b)

Acting as agents of payment

c)

Issuance of travelers cheque

d)

Lending to customers

e)

Printing and issuing of currencies

49.

Safe-keeping customers valuables is common with…………banks

a)

Agricultural

b)

Central

c)

Commercial

d)

Industrial development

e)

Merchant

50.

First bank of Nigeria Plc may dishonor a cheque presented for payment if……….

a)

Any alteration on the cheque is endorsed

b)

It is due for payment

c)

It is presented after a period of six months.

d)

There is sufficient money in the drawer’s account

e)

The signature of the drawer is regular

51.

Products and services are advertised on vehicles through the use of……………

a)

Journals

b)

Newspapers

c)

Radio

d)

Stickers

e)

Television

52.

The advertising medium that is usually found along major roads is……………

a)

Bill board

b)

Cinema

c)

Radio

d)

Television

e)

Window display

53.

The aid to trade that involves the movement of people, goods and services to where they are needed is known as…………………..

a)

Advertising

b)

Banking

c)

Communication

d)

Transportation

e)

Warehousing

54.

The trade document which gives comprehensive summary of transactions involving sales or purchases of goods is known as……………….

a)

Delivery note

b)

Invoice

c)

Price list

d)

Quotation

e)

Statement of account

55.

Which of the following activities is not associated with the final stages of production?

a)

Distribution of goods to final consumers

b)

Exchange of goods between buyers and sellers

c)

Marketing of goods and services to prospective customers

d)

Sourcing of raw materials

e)

Warehousing of manufactured goods

56.

Obtaining crude oil for refining is an example of……………….occupation.

a)

Constructive

b)

Extractive

c)

Manufacturing

d)

Tertiary

e)

Service

57.

A sole proprietorship business is one in which

a)

Decision making is done after consultation with partners

b)

More than two people own the business

c)

Only one person owns and manages the business

d)

Profits are shared among shareholders

e)

The principles of division of labour is in place

58.

The person that contributes capital and does not take part in the running of the business is called……….partner

a)

Active

b)

General

c)

Limited

d)

Nominal

e)

Sleeping

59.

The following are disadvantages of cooperative society except

a)

Democratic in nature

b)

High embezzlement

c)

Insufficient capital

d)

Limited expansion

e)

Weak management

60.

The amount of money an insurance company pays to its clients to cushion the effect of a loss is called………….

a)

Annuity

b)

Endowment

c)

Indemnity

d)

Premium

e)

Term

61.

An insurance policy taken against loss of goods on the sea is called …………insurance

a)

Burglary

b)

Fire

c)

Marine

d)

Theft

e)

Decline

62.

Insurer in insurance business is the

a)

Agent of the insured

b)

Holder of insurance policy

c)

Broker to the insured

d)

Insurance company

e)

Risk giver

63.

The following are services rendered by the post office except

a)

Express letters

b)

Money orders

c)

Postal orders

d)

Satellite services

e)

Telegrams

64.

The knowledge of book keeping is essential to find out the following except

a)

Expenses of the business

b)

Financial position of the business

c)

Expenses of the competitors

d)

Value of goods purchased

e)

Value of goods sold

65.

Aisha started business with her bank balance of N2, 000.00. The two accounts involved are…………accounts

a)

Aisha and capital

b)

Aisha and cash

c)

Capital and book

d)

Capital and cash

e)

Cash and bank

66.

In application of double entry principles, every transaction involves…………… accounts

a)

5

b)

3

c)

2

d)

1

e)

4

67.

The listing of the balances of all the accounts in a ledger is called………….

a)

Cash book

b)

Imprest system

c)

Petty account

d)

Journal entry

e)

Trial balance

68.

For every credit entry in an account, there must be a corresponding…………entry

a)

Complete

b)

Debit

c)

Double

d)

Reversal

e)

Single

69.

Mr. Amos sets aside a sum of N50, 000.00 for business purposes, this amount is referred to as ………………..

a)

Capital

b)

Drawing

c)

Loan

d)

Profit

e)

Reserve

70.

Mr. John, a bookshop owner, bought stationary for N400 by cash. The double entry is……………………….

a)

Cr Mr. John and Dr cash

b)

Cr stationary and Dr cash

c)

Dr cash and Cr Purchase

d)

Dr purchases and Cr cash

e)

Dr stationary and Cr cash

71.

In trial balance, the total debit balance should be equal to the total………..balance

a)

Asset

b)

Bank

c)

Cash

d)

Credit

e)

Discount

72.

The following items are found in debit side of trial balance except

a)

Electricity bill

b)

Loan

c)

Rent

d)

Salaries

e)

Wages

73.

A transparent book keeper must be…….

a)

Hardworking and corrupt

b)

Honest and trustworthy

c)

Nice and faithful

d)

Optimistic and extravagant

e)

Pessimistic and highhandedness

74.

Which of these departments is responsible for the procurement of materials in a company?

a)

Administrative

b)

Accounts

c)

Personnel

d)

Production

e)

Purchasing

75.

The role of wages and salaries unit of a company is to prepare

a)

Credit note

b)

delivery note

c)

payroll

d)

requisition form

e)

store records

76.

The method of paying wages at equal amount per week or month, irrespective of quality of work done is called

a)

commission bonus

b)

flat rate

c)

piece rate

d)

premium bonus

e)

time rate

77.

The aggregate stock, debtors and bank is called

a)

Capital employed

b)

Current assets

c)

Current liability

d)

Fixed assets

e)

Working capital

78.

A document sent by the seller to the buyer at regular interval showing credits and debits and the balances due is called

a)

Credit note

b)

Debit note

c)

Invoice

d)

Petty cash vouchers

e)

Statement of accounts

79.

The following are source documents except

a)

Cash book

b)

Credit note

c)

Debit note

d)

Invoice

e)

Statement of account

80.

The following are rules of Trial Balance except; all

a)

Assets must be on the debit side

b)

Expenses and income must be recorded on the debit side

c)

Expenses must be recorded on the debit side

d)

Income must be recorded on the credit side

e)

Liabilities must be on the credit side