Economics/Business studies Exam, second term 2025Jss2

Welcome to your Economics/Business studies Exam, second term 2025Jss2

1. A document issued to the buyer by the seller which shows the sum of money paid for goods bought is called ---

2. Documents used in keeping records of all sales transaction whether cash or credit are called ---

3. A person employed to receive and assist people visiting a particular organisation is called ----

4. One of the duties of a receptionist is ----

5. All these are source documents

6. The front office of any organisation where all visitor are received is called ----

7. The act of sending an incoming mail to their various department and making sure that the mails are treated urgently is called

8. Mails received from outside the organisation can be recorded in a ----

9. Letters delivered by hand are recorded in a ----

10. All these are procedures for handling incoming mails except

11. The most expensive and popular means of dispatching or receiving mails now is through ----

12. Items found in an enclosure are all except ---

13. Documents used in an office which facilitate the work of the organisation is called ----

14. An invoice contains all these except

15. All activities that concerns buying and selling is callled ---

16. The re-selling of goods already brought into a country from another country without further processing or transformation is called ----

17. The process of buying and selling goods on the internet is called ----

18. A --- is prepared by the seller for goods returned and when the seller is unable to supply goods already paid for.

19. When purchases are made in the organisation, the record are kept in the --- document

20. The aim of going into foreign trade is to earn -----

SUBJECTIVES

1. The act of carrying out banking in a well secured website is called .......,.

2. A return made on any business investment is called........

-3. A fixed amount paid by the insured to the insurer is called,............

4. An arrangement of financial protection provided by a company against harm, the loss of property or life is called..........

5. Indemnity means............

THEORY : Attempt only two questions

1. Write short note on these terms:

i. Insurance

ii.business opportunity

iii. Entrepreneurship

2. List any three type of business opportunity one can do internationally

b. What are the benefits of insurance.

3. Mention and explain five qualities of an entrepreneur.

b Mention any two filing system you know

4. Write short notes on these topics

a. Disability insurance

b. Vehicle insurance

c. Receipt

e. Cheques

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