JSS2 New second term ECONOMICS mid term test

Welcome to your JSS2 New second term ECONOMICS mid term test

1. A type of demand I know is ...

2. A trade which involves re exporting of goods already brought into the countryis called.....

3. All these are sales documents except.

4. In handling outgoing mails one of these is done .....

5.. The quantity of goods and services that consumers are willing and able to buy at a particular time is.

6. Demand backed up by the ability to pay is said to be.

7.When the price of a commodity like yam is high in the market, very few quantities of it will be demanded This is the first law of ...

8. The word' ceteris paribus means ..... '

9. Two forms of aids to trade are

10. Another name for demand is.

Subjective

A cheque which a bank refused to pay is called ........

2.Mrs Nwafor sold goods at #10000 and allowed a discount of 15%How much did she receive?

3. One advantage of POS is

4. Define Supply?.

5. Mention any two methods of filing....

Theory.

1. Construct a table using these figures:100--10, 80-20, 60-30, 40-40,. 20-50

b)label appropriately as each locus attract a mark.

2Mention any five factors affecting demand.

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