NEW FIRST TERM EXAMINATION ECONOMICS J.S1

Leave a Comment / By / December 4, 2024

Welcome to your NEW FIRST TERM EXAMINATION ECONOMICS J.S1

1. Any type of business that is carried out between two or more people no matter how simple or complicated is called a -----

2. The original documents where monetary transactions are recorded are called ----

3. Source document being referred to is divided into ---

4. A document which shows proof or evidence of payment is called ----

5. A document which is written out by the seller whenever the buyer is undercharged on the invoice is referred to as --

6. A written document which contain date of sale as well as terms on which goods are sold is called an -----

7. A transaction in which goods or services are paid at hand is a ---- transaction

8. When payment is delayed until a later date it is called a ---

9. All these are source document except ---

10. A written order from am account holder to a bank to pay a specific sum of money to the person name is on it is called a ----

11. A cheque can be ---- or -----

12. A type of cheque that is only payable through a collecting banker and not directly at the counter of the bank is called ---

13. Any activity which a person is engaged in to earn a living is called ----

14. All except one is not an attribute of people with right attitude to work

15.Negative attitude to work can cause ----

16. Arriving at a place of work at an agreed or expected time is called ----

17. One who is responsible for coordinating the various activities of the offices is called the ----

18. The activity which involves the distribution of goods from manufacturing to the consumers is called ---

19. All except one is not an activity that aid commerce

20. A commercial activity which helps consumers to know about the various brands manufactured by different manufacturers is referred to as --

SUBJECTIVES

1. The means by which people and goods are moved from one place to another is called ---

2. The word "DEBIT" means ----

3. Having strong attachment to someone or something is called ---

4. Something given in return for good performance is called -----

5. A document issued to a buyer when some of the goods are damaged, adulterated or sabotaged in any form is called -----

THEORY

1a. Define an office

b. State the two types of office

c. State the six functions of an office

2. Define commerce

b. Outline any five aids to commerce

c. Define Work ,Reward and Devotion

3. What is a transaction?

b. Why do you think a receipt is necessary for any business transactions

c. Differentiate between a "Cash" and Credit transaction

9. All these are source document except ---

2. The original documents where monetary transactions are recorded are called ----

9. All these are source document except ---

11. A cheque can be ---- or -----

17. One who is responsible for coordinating the various activities of the offices is called the ----

18. The activity which involves the distribution of goods from manufacturing to the consumers is called ---

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