JOY INTERNATIONAL COLLEGE

A CHRISTIAN CO-EDUCATIONAL BOARDING INSTITUTION KM. 12, KADUNA-ABUJA EXPRESS WAY. P.O BOX 4045, KADUNA, NIGERIA. SCHOOL MOCK EXAMINATION SUBJECT: BUSINESS STUDIES CLASS: JSS3 FEBRUARY, 2012 TIME: 2 HOURS

INSTRUCTION: ANSWER ALL QUESTIONS 1. The principals office is an example of ________ A. Big office B. Close office C. large office D. Main office E. residential office C. is done monthly or bi monthly D. may take place once in a year E. prevents fraud.

2. Which department is responsible for improving the welfare of the staff in an organization? A. Accounts B. Administrative C. Personnel D. Purchasing E. Sales

7. The reward for capital is _______ A. effectiveness B. efficiency C. interest D. rent E. wages

3. Clerical duties are best performed in ________ A. Company B. Market C. Ministry D. office E. school

8. The spreading business rises among many individuals/ corporate investors is associated with ______ A. Cooperatives B. Public enterprises C. Limited liability companies

4. Frankling machine is more useful when ______ A. Letters are many B. Letters are few C. Postage book is missing D. Stamp is experience E. There is no stamp in the post office

D. Sole proprietorship E. Limited liability companies

9. Kiosks, stalls operators and hawkers are examples of ________ A. Departmental stores B. large scale retailers C. Multiples shops D. Small scale retailers E. whole sales

5. Ina mail room, which of the following machine is least important? A. Adding machine B. Addressing machine C. Frankling machine D. Perforator E. typewriter 10. In the rural area, the most effective media of announcing a village meeting is _______ A. Newspaper B. poster C. radio D. Television E. Town crier 6. Which of the following is not true of stock taking? A. Advance information is always given to the storekeeper B. Involves perpetual inventory 11. Which of the following means of transportation would you suggest for transporting heavy and bulky goods within the commodity?

A. Air B. Pipeline C. Rail D. Road E. Sea

20. Which of the following factors of production receives rent as its reward? A. Agent B. Capital C. Entrepreneur D. Labour E. Land

12. In land transportation, rails are used by ________ A. Bicycles B. Cars C. Motor cycles D. trucks E. trains

21. Seas, oceans and rivers are components of __________ 13. The day to day running of an organisation is the functions of _______ department. A. Accounts B. administrative C. Personnel D. Purchasing E. Sales A. Capital B. Enterpreneur C. labour D. land E. Organiser

22. The representation of spoken sound by written sign is best described as _________ A. Phrasing B. Alphabeting C. Shorthand D. Manuscript E. Conversion

14. Handling information in the office involves all the following EXCEPT ______ A. Leaking B. Processing C. Receiving D. Recording E. Storing

23. Which of the following are divisions of home trade? A. Private and Commercial B. Retail and Commercial

15. Which of the following is NOT one of the qualities of a receptionist? A. Generosity B. Humility C. Patience D. Politeness E. Tolerance

C. Retail and Private D. Wholesale and Private E. Wholesale and retail

24. The person to whom the amount written on cheque is paid is called_______ A. Bearer B. Drawee C. Drawer D. Payee E. Payer

16. The following could be used to make enquiring about a product EXCEPT______ A. Letters B. Order C. Telegrams D. telephone E. Visitation

25. Which of the following helps traders sell more of their goods? 17. Using the size of characters, typewriters could be classified into two groups namely _______ A. Electric, elite B. manual, electric C. manual, pica D. pica, computer E. pica, elite 26. The telephone call made by Mr. James to Madan Martha from Kaduna to Calabar is _____call 18. A. document prepared in the wages office to support payment of salaries and wages is ___________ A. Cash receipt B. Payment voucher C. Payroll D. Payslip E. Personal emolument A. Alarm B. Double C. Local D. Long E. Trunk A. Advertising B. Banking C. Insurance D. Transportation E. Warehouse

27. The process of moving people and goods from one place to another is _____ A. Advertising B. Banking C. Communication D. Transportation E. Warehousing

19. The easiest method of payment by commercial bank is through A. Bank draft B. Cash C. Cheque D. Money order E. Postal order

28. Pipelines are used to transport ______

A. Goods, Water and Gases B. Oil, Gases, and Goods C. Oil, Gases and Water D. Water, Gases and Goods E. Water, oil and Goods

D. redundancy E. obsolescence

36. When buying and selling involves other countries, it is referred to as _______ 29. In double entry book-keeping, the two aspects of a transaction are ______ A. buying and giving B. buying and selling C. debit and receiving D. giving and receiving E. selling and receiving 37. Farming is an example of _____ occupation A. Commercial B. Constructive C. Extractive D. Manufacturing E. Service 30. The simplest form of a ledger has a total of ______ columns A. 2 B. 4 C. 6 D. 8 E. 10 A. Consumer B. foreign C. home D. retail E wholesale

38. Which of the following is NOT an aid to trade? A. Advertising B. Banking C. Communication D. Insurance E. Retailing

31. The document sent by the buyer to the seller stating the quantity, unit price and description of goods he wants to buy is __ A. cash book B. debit note C. invoice D. order E. receipt

39. Sending of credit note to a buyer becomes necessary when goods are _______ A. bought for cash B. bought for credit. C. in perfect condition D. overcharged E. undercharged

32. An open office is an office that is ________ A. always opened B. meant for one person C. not to be used by people D. reserved for visitors E. used by many people 40. Re-exporting of goods bought into Nigeria to other countries is known as ______trade A. Entrepot B. export C. import D. retail E. wholesale

33. The _______department is responsible for recruitment, discipline, promotion and dismissals of staff. A. accounts B. finance C. personnel D. production E. purchase

41. Which of the following in NOT an advertising medium? A. Bill board B. Newspaper C. Paper D. Telephone E. Television

34. The documents handled by the receptionist includes the following EXCEPT_______ A. Business cards B. Payment voucher C. Request form D. telephone message pads E. Visitors book

42. The document used in paying money into a banks current account is ________ A. Cheque B. invoice C. payslip D. payment note E. teller

43. The difference between sales and cost of goods sold is the ___ 35. Which of the following is an advantage of office machines? A. accuracy B. heavy investment C. inflexibility A. Gross profit B. market value C. profit and loss D. net profit E. selling price

44. How many columns is there altogether in a double column cash book? A. 10 B. 8 C. 5 D. 4 E. 2

A. calculating machine B. duplicating machine C. filing cabinet D. loudspeaker e. typewriter

45. The book of account where payments for minor expenses are entered is called___________ A. balance sheet B. double column C. petty cash book D. profit and loss account E. three column cash book

52. The following are examples of sales documents EXCEPT ___ A. delivery note B. invoice C. order D. quotation E. request form

46. Goods sold on credit are entered into _________book. A. Cash B. Purchase day C. returns inwards D. returns outwards E. sales day

53. The last link in the channel of distribution of goods is the ____ A. Consumer B. Middlemen C. producer D. retailer E. wholesaler

54. Which of the following is a factor pf production? 47. The postage book is used for recording ________ A. Incoming mails B. outgoing mails C. The amount spent on postage stamps undelivered D incoming hand delivered mails 55. The changing of raw materials into finished products is an example of _____ production. A. direct B. indirect C. primary D. secondary E. tertiary A. Bank B. Communication C. Insurance D. labour E. Warehousing

48. The payment made daily paid workers is called _____ A. Commission B. interest C. reward D. salary E. wage

56. The amount paid for carrying goods is known as ______ 49. When a cheque is crossed, it means that _____ A. it can not be cashed over the counter D. it will be paid over the counter C. no money in the account of the drawer D. no money will be paid to the bearer E. the money is a large sum 57. An advantage of sole proprietorship over other forms of business units is _______ A. Certificate of trading to commence business B. limited number of owners C. separate existence from the owner D. shared sold to the public 50. The _____ department is responsible for preparing workers wages. A. accounts B. personnel C. production D. purchase E. sales 58. How many types of office do we generally have in all organisations? 51. Which of the following is not office equipment? A. five B. four C. six D. three E. two E. small amount of capital to commence business A. bond B. brokage C. commission D. freight E. poundage

59. The exchange of goods for goods is referred to as ______ A. barter B. business C. commerce D. service F. trade

65. An individual who owns his capital and runs his business alone is called a/an ________ A. Businessman B. Chief executive C. entrepreneur D. managing director E. sole proprietor

60. The process whereby a typist learns the manual and electric typewriter is known as _______ A. dual instruction method B. ideal learning C. modern instruction method D. novelty learning E. skilled method of learning

66. The word Internet means ______ A. International connectivity B. International network C. internal connection D. inter-connection E. intra-connection

67. The internet is also known as _____ 61. Communication is important in business because it _____ A. World Wide Web B. Satellite C. globe D. orbit E. shuttle

A. create awareness in the minds of consumers

B. ensures that finished goods are distributed C. facilitate contact between buyers and sellers D. increase the volume of sales E. makes movement of goods possible 68. All invoices contains the following information EXCEPT ___ A. account number B. date which the transaction is recorded C. name of the customer E. suppliers indebtedness E. suppliers invoice number

62. A document issued by the cashier as evidence of payment is known as _______ A. cash book B. debit note C. invoice D. order E. receipt

69. The accounting principle which states that for every debit entry there must be a corresponding credit entry and vice versa is called ____ entry. A. contra B. credit C. debit D. double E. lone

63. An office can be defined as ______ A. an area where we buy and sell B. any room in which a particular kind of business is transacted or service provided C. centre of all learning activities D. location where sporting activities are held E. place for reading and writing 71. A purchase ledger contains the account of _______ A. creditor B. debenture C. debtor D. investor E. share holder 70. A transaction affecting both the cash and bank columns of the cash book is known as _____ entry. A. contra B. control C. credit D. debit E. double

64. The following are qualities of a clerical staff EXCEPT ____ A. arrogance B. carefulness C. courtesy D. diligence E. pleasant appearance

72. Another name for sale ledger is ___ledger A. creditors B. debtors C. general D. personal E. purchase

73. A perforating machine performs the function of _____

A. boring a hole on papers B. filing documents serially C. holding documents with a tag D. keeping documents intact E. pinning papers together. ESSAY 74. An advertising medium suitable for products requiring demonstration is the _______ A. Journal B. magazine C. newspaper D. radio E. television 1a. What is internet? b. Name five (5) contents of the internet c. Name four (4) service providers by the internet 75. All these are means of transportation in Nigeria EXCEPT A. Air B. Canal C. Rail D. Road E. Water d. Name three (3) online internet service providers.

2. The following balances were extracted from the books of Mrs. Nnadi Josephine on 31st December, 2010. N Stock 1/1/2010 Stock 31/12/2010 Sales Insurance Electricity Bill Salaries 3,000 1,660 50,600 400 1,200 3,400 1,000 5, 00 32,400

76. Which of the following is not a function of trial balance? A. Assists in detecting computation error B. helps the book-keeper to pay attention to details C. makes for adherence to double entry rules D. makes for easy identification of error E. stops all forms of error

77. The summary of all list of balances extracted form the ledger is called ____ A. balance sheet B. grading account C. journal D. profit and loss account E. trial balance

Transport Return outward Purchases

78. In book-keeping office documents are also called _____ A. Source documents B. Office correspondence C. Corresponding books of record D. accounting books E. None of the above

You are required to prepare a trading profit and loss account of the business for the year ended 31st December, 2010.

3a. What is Commerce? b. List two methods of buying. c. Outline three roles of advertising in business

79. The study of the component parts of business environment is called ______ A. Trade B. Commercial studies C. Business studies D. Insurance E. commerce

d. Give three advantages of road transport.

80. The fastest means of transportation is ____ A. Motor vehicle B. train C. aeroplane D. ship E. jeep