All 120 questions from the Basic Education Certificate Examination (Junior WAEC) (BECE) Business Studies 2025 Objective paper, with the correct answer and a full explanation for each. Free, no signup needed.
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Commerce is classified into two major divisions, namely; ____.
Commerce = trade + aids to trade.
Production is said to be complete when goods get to the ____.
Consumers.
First Bank of Nigeria Plc is an example of ____.
Plc = public limited company.
The reward of an entrepreneur is ____.
Profit.
A loss caused by flood is an example of ____ risk.
Natural-disaster (impersonal) risk is classed as fundamental.
The following are qualities of fair play except ____.
Nepotism.
If the cost price of a bag is ₦2,000 and the selling price is ₦2,400, calculate the percentage of the profit made.
Profit 400 / cost 2000 × 100 = 20%.
A trader who has a kiosk and sells variety of items in units to consumers is a ____.
Retailer.
The agency responsible for controlling the quality of products in Nigeria is ____
SON controls product quality/standards (NAFDAC is food and drugs only).
Home delivery of goods to customers is an example of ____.
After-sales service (customer care also arguable).
Shares of public companies are traded in ____ market.
Capital market.
A traditional means of communication which is used to signify peace during chaos is ____.
Palm frond = peace.
Buying and selling of goods between Nigeria and South Africa is an example of ____ trade.
Foreign trade.
The external environment of a business consists of ____.
SWOT: external = opportunities and threats.
The buyer of a chemical must ensure that the following are indicated on the label for safety except ____.
Purchaser's location is not on a label.
Accepting deposits from customers is a function of ____ bank.
Commercial bank.
Hunters and fishermen are engaged in ____ occupation.
Extractive.
Buying and selling of goods and services locally or internationally is ____.
Trading.
Which of the following is fixed in supply?
Land.
An advantage of road over rail transportation is that it ____.
Judgement question; none is clean-cut. Heavy goods/standard rates/schedule favour rail, so A chosen.
Liquid and gaseous products are best transported by ____.
Pipeline.
Any paid form of communication which is aimed at promoting a product or service is ____.
Advertising.
The following are rights of a consumer except the right to ____.
Consumers don't fix prices.
The process of getting manufactured goods into the hands of consumers is ____.
Distribution.
A private limited liability company has a minimum of 2 and maximum of ____ shareholders.
Maximum of 50.
A third party insurance policy covers
Third party = damage to others' property.
Which of the following is a negative effect of production on communities? It
Pollution.
The aid to trade that provides financial services for individuals and organizations to carry out their businesses is ____.
Banking.
Arbitration as a way of resolving problems is when a ____.
Panel settles it.
A formal statement of a business goals and the procedures on how to achieve them is called business ____.
Business plan. (Right edge slightly cut off.)
Which of the following is not an attribute of due process?
Favouritism.
Which of the following items is found on the debit side of a trial balance?
Insurance is an expense (debit).
Which of the following is an example of fixed asset?
Furniture and fittings.
(Cash 120,000; Debtors 6,000; Creditors 2,000; Furniture 120,000; Land 600,000; Motor vehicle 450,000) The amount of fixed assets is ____.
120,000 + 600,000 + 450,000 = 1,170,000.
(Same data) The amount of current liabilities is ____.
Creditors = 2,000.
(Same data) The amount of total assets is ____.
1,170,000 + 120,000 + 6,000 = 1,296,000.
The heading that makes reference to a particular transaction in cash book is ____.
Folio column gives the reference.
Which of the following is a current asset?
Cash at hand.
Which of the following expenditure can be paid by a petty cashier?
Transport (minor expense).
(Capital 2,000; Sales 1,000; Purchases 500; Stationery 100; Rent 100) What is the balance carried forward of the cashbook?
Receipts 3,000 − payments 700 = 2,300.
(Same data) The total amount on the credit side of the cashbook is ____.
Payments: 500 + 100 + 100 = 700.
The purpose of preparing trading account is to determine ____.
Gross profit.
The following are importance of bookkeeping except that it ____.
Possibility of default is not a benefit.
The book for recording small expenses is ____.
Petty cashbook.
In trading, profit and loss account, carriage inwards is added to ____.
Carriage inwards is added to purchases.
A lifestyle where a person lives within his means of income is ____.
Modesty.
Which of the following is a luxury item?
Jewellery.
(Opening stock 10,000; Closing stock 13,000; Purchases 20,000; Sales 27,000; Salaries 4,000; Discount received 1,000) What is the gross profit of the business?
COGS = 10,000+20,000−13,000 = 17,000; GP = 27,000−17,000 = 10,000.
(Same data) The net profit is ____.
10,000 + 1,000 − 4,000 = 7,000.
(Same data) Cost of goods available for sale is ____.
10,000 + 20,000 = 30,000.
A decision to select one item in preference to others is known as ____.
Choice.
Money received by an individual from all sources for either consumption or saving is called ____.
Personal income.
The feeling of satisfaction a man has with himself is ____.
Contentment.
Spending more money than one can conveniently afford is ____.
Extravagance.
A sum of money given to the petty cashier to cover minor expenses is ____.
Float.
Which of the following is found on the credit side of trial balance?
Discount received.
(Petty cash: float 10,000; bus fare 2,000; postage 800; drug for driver 1,650; bus fare 1,500) The total amount the cashier has to be reimbursed is ____.
2,000 + 800 + 1,650 + 1,500 = 5,950.
(Same data) The total amount given to the petty cashier is ____.
The imprest/float of 10,000 (reimbursement restores it).
An estimate of income and expenditure during a particular period is ____.
Budget.
Which of the following is not a purpose of trial balance? It
A trial balance checks, not hides, arithmetical accuracy.
Correspondence delivered by a mail clerk from the post office is recorded in ____.
Incoming register.
Detailed information about guests that come to an organization daily are contained in a ____.
Visitors' log book.
Specific request made by a buyer is replied with ____.
Quotation.
Receptionist handles the following documents except
Requisition form.
There are ____ types of offices.
Recall question (small/large offices); low confidence.
Outgoing register is also known as ____ book.
Outward book.
One of the advantages of large office is that, it ____
Accommodates many workers.
When the buyer is satisfied with terms and conditions on a price list, the document used to authorize the seller to supply goods is ____.
Purchase order.
An official written information used in carrying out day-to-day activities of an organization is office ____.
Office document.
Which of the following functions does a clerk perform in an organisation?
Filing.
Which of the following is a function of an office?
Processing and analysing information.
An officer responsible for welcoming visitors to an organisation is ____.
Receptionist.
The first procedure that must be followed when handling outgoing mails is ____.
Sorting comes first.
Which of the following is a job quality of clerical staff?
Accuracy (judgement; other options are also desirable).
What is the reward for being regular at work?
Promotion.
An officer scheduled for receiving, giving, recording and retrieving information in an organisation is the ____.
Clerk.
The degree of firmness in discharging duties irrespective of surrounding situations means ____.
Consistency.
Positive attitude to work by employees results to ____.
High performance.
Secretary can take minutes during meeting by using ____ machine.
Dictating machine.
Machines which aid performance of various official activities are office ____.
Office equipment.
Buying of spare parts and other needed goods at the right time are duties of ____ department.
Purchasing.
In a secondary school setting, accounts department is headed by ____.
Bursar.
Various sub-sections that inter-relate to achieve organizational objectives are referred to as ____.
Departments.
Conversion of raw materials into finished goods is an activity of ____ department.
Production.
The office equipment that is used to produce neat documents from manuscripts is ____.
Typewriter.
Refund of an amount spent by a petty cashier is known as ____.
Reimbursement.
The machine used to destroy documents to a non-readable state is ____.
Shredder.
Office equipment are important to an organisation because they ____
Increase productivity.
The method of payment using coins and bank notes is ____.
Cash.
A replica of a cheque drawn by a particular commercial bank on itself for payment is ____.
Bank draft.
Keyboarding is the art of producing ____ characters by manipulating fingers on a machine specifically designed for the purpose.
Printed.
Keyboarding is important to students because of the following reasons except that it
Not the bedrock of the legal profession.
Instruction is sent to the central processing unit with the aid of ____ key(s).
Enter key.
The computer keys that are made up of 0-9 are known as ____ keys.
Numeric.
Letters A to Z can be inputted into the central processing unit with the aid of ____ keys.
Alphabetic.
One of the similarities between computer keyboard and typewriter keyboard is that both have ____
Space bar.
A computer can be taken care of by
Regular expert servicing.
The life span of a computer is short-lived if
Poor ventilation shortens life.
Computer keyboard has ____ rows.
Standard keyboard has 5 rows.
The computer keyboard left hand side home keys are ____.
A S D F. (E is printed ';, L, K and J'.)
After all manipulations on the keyboard, the fingers of the computer operator must return to the ____ keys.
Home keys.
An example of a computer basic key is ____.
S is a home-row (basic) key.
The ____ finger is used to strike letter K key.
Middle finger (right hand).
After a full stop, ____ typing space(s) is/are left before beginning a new sentence.
Two spaces (standard typing rule).
After typing a hyphen, there must be ____ space(s) in-between the words.
No space.
The correction sign 'caps' means
Capitals.
When the 'close-up' mark (a curved line joining text) appears as correction sign on a margin of a text, it instructs the secretary to
Close up (the sign is a drawn symbol, read from the scan).
Which of the following is not a correction sign?
'Tm' is not a standard correction sign.
In keyboarding, the arrangement of items in columns is known as ____.
Tabulation.
When the first line in a paragraph starts after giving five spaces, it is called ____ display.
Indented.
A display whereby the first line in the paragraph starts at the left-hand margin and other subsequent lines begin with three spaces indentation is ____ style.
Hanging paragraph.
When the first line of the paragraph is longer than the following line of the same paragraph, it is said to be ____ aligned.
Left (ragged-right) – low confidence.
The adjustment of texts so that they line up accordingly is ____.
Alignment.
One of the characteristics of memorandum is that, it
Internal communication.
A written communication that has its origin and destination in the same organisation is ____.
Memorandum.
The format of a memorandum are: From:, Ref:, To:, Date: and ____
Only option A is printed on the scan; the rest of the options are cut off at the foot of the page.
The act of sending document or information in electronic form from one computer to another is ____.
E-mail.
Between the complimentary close and the name of the signatory, there must be ____ clear line spaces.
Four clear line spaces (usual rule).
Yours sincerely is referred to as the ____ of a letter.
Complimentary close.
When inputting data into a table using the computer, the following devices can be used except ____.
Monitor is an output device.
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