JS 3 BUSINESS STUDIES PAST QUESTIONS (BECE) HomeJSS 3/BECE Exam Past QuestionsJS 3 BUSINESS STUDIES PAST QUESTIONS (BECE) 0% BECE/JSCE (BUSINESS STUDIES) BECE BUSINESS STUDIES APP Questions will be picked at random from the question bank. You can use the NEXT button to move to the next question, use the PREV button to move to the previous question, the CLEAR button to clear any answer of your choice and you have the FINISH button to end the exam if you choose to. Any question not answered before the end of the exam time, will be marked as wrong and the exam will end by itself. so try to attempt all questions on time. Goodluck! 1 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Another bane for producer is ___________ manufacturer actors ownership models 2 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION What is the use of a duplicating machine? used for posting letters used in reproducing more of a typed document in thousands used for typing used for recording 3 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The act of posing information from one person to another is known as __________ warehousing communication advertising transportation 4 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Which of these is a fixed asset? building debtors stock cash at bank 5 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Which of these is NOT a function of an office? processing information collecting and receiving information providing telephone services analyzing information 6 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The provision which a wise man makes against future occurrence of losses is called ________ protection insurance banking saving 7 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The factor of production are ______ land, labour, capital and entrepreneur capital and labour land and labour capital and entrepreneur 8 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The redress of a customer can be any of the following EXCEPT __________ civil redress criminal redress personal redress administrative redress 9 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Who keeps the petty cash book? petty recorder petty cashier secretary accountant 10 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The act of passing information from one person to another is known as ___________ ware housing communication production advertising 11 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION If the expenses of selling and running a business exceed the gross profit, it will result in __________ selling profit purchasing profit net profit net loss 12 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION To protect the platen when typing always, use a _________ backing sheet tracing paper carbon paper plain sheet 13 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION An insurance policy that covers accidents at sea is known as _________ fire insurance marine insurance burglary insurance life assurance 14 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Taxes collected by government on locally made products are known as ___________ excise duty value added tax personal income tax import duties 15 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Moving goods from Nigeria to China is called ________ import trade production export trade gift trade 16 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION __________ is book of original entry profit and loss source document journal trading account 17 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The insurance policy on goods transported on water is known as __________ third party burglary marine compensation 18 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Which of the following is not a typewriter’s part? camage shift key paper knot platen knot 19 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION A business man minimum member of two and maximum of twenty is known as ___________ sole proprietorship limited liability company joint stock business partnership 20 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The trading account is prepared to determine __________ gross profit/loss overall purchases net profit/loss net sales 21 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION A place where money and other valuable things are kept is called ware house store comet bank 22 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Another name for cylinder is ___________ margine set shift key shift lock platen 23 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION One of the following is NOT a duty of a receptionist? receiving visitors handling of telephone handling of message pad attending to friends 24 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Carbon papers are used for give colour to the typing document producing only a copy making the document black producing copies with typing document 25 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION A credit entry in the same account is called ________ double entry contra entry triple entry single entry 26 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The type of cash book which have both bank and cash columns without discount is called two column cash book petty cash book columnar cash book one column cash book 27 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The person who co-ordinated other factors of production is called ______ entrepreneur director manager supervisor 28 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Account used to record minor expenses is journal trading profit and loss account ledger petty cash book 29 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Any activities in which people engage themselves in order to earn a living is termed ___________ interest communication promotion occupation 30 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Which one of these is not a means of payment through the post office? telegraphic money order money order cheque stamps 31 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The officer in charge of the petty cash book is called petty cashier accountant manager cashier 32 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The term profit means _________ cost price plus selling price selling price plus turnover cost price minus selling price selling price minus cost price 33 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Which of the following is NOT a type of insurance policy? subrogation five life marine 34 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Production ends when the product gets to the _____ wholesaler manager manufacturer consumer 35 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION An example of current assets is _____________ gross profit stock capital creditors 36 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION How many consonant strokes do we have in Pitman shorthand? 12 8 24 20 37 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Another name for aids to trade is _________ direct services ancillary services indirect services tourism 38 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The following are parts of typewriter EXCEPT __________ insurance space bar shift key carriage 39 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Which of these is NOT true of a sole proprietorship? the business continuity if the owner dies the owner can take decision alone the owner takes the profit alone easy to form 40 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION When typing, the sound of warning bell indicates _________ be ready for a new line watch out for the end of the paper begin new word give a space 41 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The movement of people and goods from one place to another is called __________ advertising banking transportation communication 42 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION __________ is the difference between current assets and current liabilities circulating capital working capital revolving capital fixed capital 43 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The system of filing whereby the first figures are used is _________ chronological numerical arithmetical alphabetical 44 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION All these except one are advantages of one man business little capital legal entity easy to start quick decision 45 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION An office machine used to store data and to bring out information is called __________ typewriter printer perforator computer 46 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Which of the following is not a modern form of transportation system? ferries human porterage aeroplane coasters 47 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The payment to a staff after all deductions is called net pay basic pay gross pay allowance 48 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The principal book of account is called ________ journal ledger cheque cash book 49 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The two major division of trade are _________ home and foreign commerce and industry import and export wholesale and retail 50 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION An invoice contains the following information EXCEPT supplier’s invoice number account number date which the transaction is recorded name of the customer 51 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The following are the qualities of a clerical staff EXCEPT ___________ diligence arrogance carefulness courtesy 52 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION What the business owes the others is called _________ loan goodwill assets liability 53 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Oral communication can be made through ________ business reply system telephone telegram telex 54 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION A person who types in an office is called stenographer typist typer clerk 55 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Things bought to be sold are called _________ sales goods materials purchases 56 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Trade between two countries is known as __________ boundary trade home trade foreign trade local trade 57 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION A cheque book is associated with _________ saving account foreign bank current account fixed deposit 58 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The reward for capital is _________ profit interest rent salaries 59 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Credit notes are usually printed in _________ yellow green blue red 60 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION All these are methods of payment EXCEPT ______________ cash cheque transfer teller 61 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Which of the following represents full stop in shorthand? > = X ? 62 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION What is the document issued by the supplier to indicate settlement of debt? receipt invoice statement bill of exchange 63 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Which of the following is not a current asset? creditor stock debtor prepayment 64 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION A document which shows the full details of workers’ pay is called _________ pay slip store records pay roll stock records 65 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Building, motor vehicle, plants are examples of __________ fixed assets liabilities current assets long term liabilities 66 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Which of the following is NOT a source document? credit not receipt debit note delivery note 67 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION All are types of bank account EXCEPT __________ saving account fixed deposit account static account current account 68 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The correct sitting position when typing is to sit ____________ and type correctly and relax yourself while typing and keep your eyes on the machine upright with your feet flat on the floor. 69 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION An example of intangible assets is _______ motor vehicle good will stock building 70 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION A computer is said to be reliable because it __________ accurate strong fast unique 71 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Office with demarcation is known as _________ close office co-ordinated open office enlarged office 72 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION All are examples of retailers except kiosk owners consumer hawker shop owners 73 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Which of the following industries takes raw materials from the earth? construction manufacturer extractive distribution 74 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION _________ allows buyers and seller to trade without having physical contacts advertising transportation e-commerce communication 75 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION An amount paid for insuring property is known as _______ compensation burglary surrender premium 76 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Which of the following is not office equipment? stapler television typewriter table and chairs 77 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The amount paid periodically by policy holder to an insurance company is termed ___________ premium agreement application proposal 78 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Banking insurance, advertising, communication are known as _______ aids to trade sales activities production activities profit activities 79 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Which of the following is NOT a procedure for drawing up a single business plan? finances production market research entrepreneur 80 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION People care for typewriter in order to _________ type more papers make it look shinning look beautiful when producing only a copy maintain it to the last Your score is 0% Restart quiz Practice also: JS 3 AGRICULTURAL SCIENCE PAST QUESTIONS (BECE) JS 3 SOCIAL STUDIES PAST QUESTIONS (BECE) JS 3 PHYSICAL AND HEALTH EDUCATION (BECE) JS 3 MATHEMATICS PAST QUESTIONS (BECE) JS 3 HOME ECONOMICS PAST QUESTIONS (BECE)