BUSINESS STUDIES J.SS3 2025 EXAM

Welcome to your BUSINESS STUDIES J.SS3 2025 EXAM

Instructions; Answer all the question

1. A system of making transactions or paying for goods and services through an electronic medium without the use of cheque or cash is called ----

2. The means of keeping petty cash is known as ----

3. A modern day device that has been introduced to help customers carry out payment and other financial transaction is called ----

4. A place where material goods of a particular kind are kept for future use is called ----

5. The supply of goods or products available for sale or distribution is called -----

6. All these are store records except

7. A type of bills which is either private or public is called ----

8. Tools, machines and furniture needed to perform the job in an office are called ----

9. All these are office equipment except

10. A device used to store business documents in a cabinet is called ----

11. Which of the following is not typically kept in a store

12. What is perpetual stock-taking

13. A bank instrument through which money is transferred from one person to another through the bank is called ----

14. The physical counting and verification of items a business has in store ,outlets or warehouse is called -----

15. Why is proper stock control important for a business

16. A cheque that cannot be cashed over the counter but must pass through a bank account is called ----- cheque

17. The person writes or signs a cheque is called the ----

18. A cheque is a written order to a bank to pay money to the ---

19. A bill that arises from the actual sale of goods or service is called a ----

20. A detailed account of all items of goods kept in a store which helps an organisation to determine movement of goods is called ----

Subjective

1. Office procedures means -----

2. Office procedures helps to -----

3. The standard units of money in nigeria is -----

4. A cheque can be either ---- or -----

5. One advantage of POS machine i know is ----

6. One example of finished goods i know is ----

7. A cheque that can be cashed at the counter of the bank where it was issued is an ----

8. Two methods of making payment i know are ---- and ----

Theory

1. Define a cheque ?

b. Mention any two types of cheque

c. State one advantage of using a cheque for payment

d. List three parties to a cheque

2a. Define store

b. What is stock-taking

c. Explain what is stock control

d. State its three importance of stock control in business

e. Write short notes ote on the two types of stock control

3a What are bills?

b. Mention the type of bills you know

c. Differentiate between stock-taking and stock control

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