All 120 questions from the Basic Education Certificate Examination (Junior WAEC) (BECE) Business Studies 2023 Objective paper, with the correct answer and a full explanation for each. Free, no signup needed.
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..... is a subject which provides us with the knowledge, understanding and skills needed for productive work.
Business studies gives the knowledge and skills for productive work.
..... involves using Business resources to make goods and services that satisfy needs and wants.
That is the definition of productive activity.
..... is concerned with recording business transactions in an orderly manner.
Recording transactions is book-keeping.
A room where clerical activities of a business are carried out is called .....
Clerical work happens in an office.
There are two types of office, namely .....
Offices are large or small (open or closed).
The following are assets use in an organization except ....
A gas cooker is not an office asset.
The people who perform routine duties in an office are called .....
Clerical staff do routine office duties.
The qualities of clerical staff can broadly be divided into a job qualities and ..... .
Job qualities and personal qualities.
Employee who arrives on time and finish task as directed is said to be ..... .
Such an employee can be relied on.
Money use to commence a business is called ..... .
Start-up money is capital.
Buying of materials is a function of ..... department.
Purchasing buys materials.
Creating awareness about the products of an organization is the responsibility of the ..... department.
Marketing promotes products.
Processing of data usually take place in which department of an organization.
Data processing is an administrative function.
..... is the activities of buying, selling and distributions of goods and services.
Commerce.
..... are the activities or services that simplify buying and selling.
Aids to trade.
An arrangement by which a company undertakes to provide compensation for specified loss or damage, illness, in return for payment is called ..... .
Insurance.
Cocoa, crude oil and rubber are Nigerian ..... goods.
They are sold abroad: exports.
The process of buying in small quantities and selling in units to individual is called ...... .
Retail.
A port where goods for import or export are stored without the payment of import duties is known as ...... .
An entrepot port.
The following are the types of production EXCEPT ..... .
The types are primary, secondary and tertiary.
Crude oil, limestone and cocoa are products of the .... industry.
Extractive industry.
Introduction of harmful substance into the environment by factories in Lagos State is called ..... .
Pollution.
The following are factors of production EXCEPT ..... .
Insurance is not a factor of production.
Money, Machines and Buildings are classified as ..... .
Capital.
The reward for capital is ..... .
Interest.
To be truthful, business owners and other employees must be ..... in their activities.
Straight forward (honest).
Equity, openness and impartiality are attributes of ..... .
Fair play.
Entrepreneurship involves starting and organizing a business with a determination to make ..... .
Profit.
The ..... is the provider of capital and organiser of the other factors of production.
The entrepreneur.
A good entrepreneur must be ..... .
Self-confident.
..... of partnership is a written agreement which governs the affairs of partners in business organisation.
A partnership deed.
..... is not a public enterprise.
First Bank Plc is private.
One of the following organisations is mandated by law to publish its annual accounts.
Public limited companies must publish accounts.
The end-users of goods and services are regarded as ...
Consumers.
One of these is not a features of bank cheque?
A cheque shows amount, date and number, not time.
Jumia.com, konga.com can e-bay are examples of ...
E-commerce.
The act of giving a clear detail of a business transaction is called ...... .
Transparency.
The use of internet facilities in buying and selling goods and services globally is referred to as ...... .
E-commerce.
Book-keeping is an important aspect of ...... .
Accounting.
A business organization that does not keep proper regular record of transactions will ...... .
It will fail.
Book-keepings are expected to follow laid down procedures. This is in line with the ethics of ...... .
Following procedures is due process.
Source documents provides ..... information used in preparing accounts.
Original information.
Source document serves as documentary evidence of ..... transactions.
Source documents evidence cash and credit transactions.
The owner of a bank account who write out a cheque is known as ...... .
The drawer.
The amount of a cheque must be written in figures and ..... .
Words.
..... are books in which the information from source document is first recorded.
Journals.
The page number where corresponding transactions can be found in the ledger is called ..... .
Folio.
Details of a transactions are recorded in the ..... column of the journal.
Particulars.
When fixed assets are bought or sold, record must be kept in the ..... journal.
General journal.
Double entry is a very important ..... in book keeping accounts.
Principle.
The Ledger is divided into two parts namely the debit side and the ..... side.
Credit.
LIF in an account represent ..... .
Ledger folio.
In typewriting, the home keys are ...... .
Home keys A S D F and J K L ;.
At the annual general meeting of an organization in December, ...... transfer data from paper format into digital file.
The secretary.
Keyboarding makes it possible to store and ..... information.
Store and save... best fit: save.
A machine that process data and releases information as output is known as a ...... .
Computer.
The personnel who install, repair and operate computers are classified as ....
Peopleware.
..... are used to input letters A to Z and figures 0 to 9.
Alphanumeric keys.
The computer is an ...... machine.
Electronic.
The following items are needed to care for the computer, except ...... .
Salt is not used.
The ups is very useful in case of power ...... .
Power outage.
The first person to be contracted on entering an office in an organization is called ..... .
Receptionist.
All are the qualities of a good receptionist EXCEPT .....
Laziness is not a good quality.
Which of the following pairs are the major duties of a receptionist?
Handling the telephone and posting letters.
..... is one popular means of dispatching or receiving mail.
Courier.
The following are types of correspondence records EXCEPT ...... .
A ledger is an accounting record.
In business, filing is necessary to ...... .
Filing keeps documents tidy.
..... are traders who usually move from one place to another or from one street to the other to make their goods available to people.
Hawkers.
Moving goods from Nigeria to Ghana is called ..... .
Export trade.
The trader who buys in large quantities and sells in smaller quantities is called ..... .
Wholesaler.
..... is a market where long term loans are trades.
Capital market.
The following but one are business sectors in which individuals can invest in .....
Motivation is not a sector.
Exchange of goods for goods is known as ...... .
Barter.
Another name for producer is ..... .
Manufacturer.
In the channel of distribution which of the following came last?
The consumer.
The middleman between wholesaler and consumer is ...
Retailer.
The movement or transfer of money from one destination to another is called ..... .
Remittance.
One of the following would be obtained when going on an overseas tour?
Travellers cheque.
Customers who maintain current account usually withdraw money using ..... .
Cheque.
The amount paid periodically by a policy holder to an insurance company is ..... .
Premium.
..... is a type of insurance that protects you against loss or damage to property caused by theft that involves forcefully and violent breaking into premises.
Burglary insurance.
Insurer in insurance business is the ..... .
The insurance company.
...... should be done before shopping.
Set a budget.
The activity in which a customer browses the available goods or services presented by retailer with potential intent to purchase is referred to as ..... .
Browsing.
The activity of looking at goods especially without intending to buy anything.
Window shopping.
TAP means transparency, accountability and ..... .
Probity.
Reduction in the price of goods and services by seller to a buyer is known as ..... .
The seller gives discount allowed.
The amount column of a simple ledger account indicate the exact amount of ..... being accounted for.
The amount of money being accounted for.
The ..... column clearly differentiate the two column from the three column cash book.
The options for this question are not printed in the scan; the answer is not determinable.
One of the following office equipment is not electrically operated?
A manual typewriter needs no electricity.
..... is used to create beautiful custom, add logo and match to your branding for recognition.
A stencil.
The following are office equipment EXCEPT .....
A ladder is not office equipment.
..... is the business of giving information about a product to the public.
Advertising.
All the following are types of advertising EXCEPT ...... .
Direct advertising is not one of the three standard types.
..... is repeated information that is specially packaged to enlighten people with a given time.
A jingle.
The movement of goods and people from one place to another is called .....
Transportation.
The best means of transportation in the village is .....
By road.
..... is a mode by which vehicles are pulled by cables instead of an internal power source.
Cable transportation.
..... is the sending of information from one person or organisation to other.
Communication.
The following are the means of communication EXCEPT .....
Noise is not a means of communication.
In a manuscript, 'N.P' means New
N.P means new paragraph.
A key that is depressed to type an initial capital in a word is ______.
The shift key gives a single capital letter.
There are ______ numeric keys for application of keyboarding techniques.
The numeric keys are 0 to 9, ten keys.
Which of the following is not a way of taking care of computer?
A moist room can damage a computer.
When typing, ______ key can be used to give gap between words on a line.
The space bar gives a gap between words.
The typing style where all lines of the passage start at the left margin is ______.
In block style every line starts at the left margin.
The difference between computer keyboard and typewriter keyboard is the presence of ______ in computer.
A typewriter has no delete key.
In keyboarding, ______ key can be used for continuous typing of upper case.
Caps lock keeps typing in capitals.
A computer keyboard is made up of ______ rows.
The letter keys are arranged in four rows.
The symmetric arrangement of statistical data in rows and columns is known as ______.
Tabulation arranges data in rows and columns.
A group of options dictating the way a document is formatted to print is ______.
Page setup controls how a document prints.
The correction sign '#' on the manuscript means
# means allow (insert) space.
The right home keys are
The right home keys are j, k, l and ;.
Ctrl + S ______ the document.
Ctrl + S saves.
The ______ key controls the cursor on the computer system.
Arrow keys move the cursor.
The proofreaders' symbol 'caps' tells the typist to
'Caps' means use capital letters.
The command key to underline text is ctrl +
Ctrl + U underlines.
Which of the following alphabets is not part of the left home row keys?
The left home keys are A, S, D, F.
Which of the following signs instructs the typist to delete text?
Model answer
A
The deletion (dele) mark tells the typist to delete text.
A typist is expected to strike letter 'j' on a keyboard with the right ______ finger.
The right index finger strikes j.
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