Jss3 business Studies mid term test 2026

Welcome to your Jss3 business Studies mid term test 2026

1. The book of original entry is called.......

2. A type of company in which by its articles of association allows the public to subscribe its shares is called

3. A type of business organisation in which two or more individuals enter into an agreement is called

4. All these are categories of consumer protection agencies except

5. An agency established by the government to eradicate trafficking in hard drugs is called......

6. A set of rules or policies guiding the operations of an office is called...

7. A document offered by a person who renders services to cover the cost of services provided to his customers is called. ...

8. All except one are examples of office procedures

9.A document issued in respect to buying and selling of goods and services is called....

10......... Is issued as a proof of payment.

11. A place where materials or goods are kept for future use is called....

12. The supply of goods or products available for sale and distribution is called

13. The physical counting and identification of items a business has in its store, outlets or warehouse is called

14. All these are examples of store records except....

15. Two types of bills I know are

16. Banks give loans to customers who are able to provide....

17. A book which contains the names , telephone numbers and addresses of all the telephone subscribers in an area is called........

18. All these are types of partners except.

19. Another name for public limited liability is.

20. Each record in a journal is called an ,

21 The reward for labour is...

22. All these are source documents except.

23. A document issued by the public limited liability company only inviting the public to subscribe for shares is called

24. A certificate of incorporation confers. ........ to the company

25. A..........allows the public to commence trading

26. An artificer person which is more than a mere organization of individuals is called.,..

27. An agency set up specifically with the aim of protecting the consumers from being short-handed is ..

28. The creation of goods and services which satisfy human wants is called....,,.

29. The following shows right attitude to work exce5

30. The reward for entrepreneur is

31).Economics is a .......... Science.

32. The main aim of trading is to make ...

33. The document sent by seller to notify him of overcharge on buyers invoice is called....

34. A wholesaler creates more goods by

35. A consumer has the following rights except

36. The book for recording minor expenses is called

37. Mrs Uche who is visiting Ugo company for the first time will meet the ......

38. Which of these accounts require a cheque book

39. The fastest means of sending letters is by ...

40. The duplicate which can be detached from a postal order is

THEORY

Answer any two questions

1. What are office equipment?

b) Mention and explain any five office equipment and state its uses.

c). Write out any five methods of arranging files.

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