Business studies JSS2 Midterm Test 2025

Welcome to your Business studies JSS2 Midterm Test 2025

1. The acquisition of goods by paying out some money is called......

2. All these are types of buying except

3. A type of buying where the buyer has an opportunity to look closely at the goods he or she wants to buy is called.......

4. A type of buying where prospective buyers bid against one another for goods is called......

5. A procedure for buying which describes in detail,the goods purchased,the discount allowed and the amount owed by the customer is called

6. The generally accepted ways of buying and selling goods is called .....of

7. The first step in buying procedure is ...... ..

8. An estimate of the cost of a service or commodity is called

9. All these are source document except ---

10. All these are types of insurance except

THEORY : Answer All

1. List out the four copies of an invoice.

2. Define credit buying

3 Explain the term sample buying and give examples.

4. Explain the term discount.

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