JSS1 Exam Business Studies

Welcome to your JSS1 Exam Business Studies

1. All these are forms of business organization except

2. A form of business which exists when two or more persons come together for the purpose of doing business it is called.........

3. Business entities owned or financed by the government is called..........

4. An organization or business created for commercial purposes is called......

5. All this are examples of co-operative society except...........

6. One who buys a share from any company is called.........

7. A liability company can either be private or...........

8. A public limited liability can bear name with the word..........

9. After buying shares ,rewards comes in the form of...........

10. All those things owned by a company are called........

11. A business organization owned, financed and controlled by one person with the aim of making profit is called..........

12. Any person who purchases goods and services for his or her personal use is a..........

13. A place where people gather regularly to purchase or sell commodities is called..........

14. The type of education given to consumers to make good purchases is called...........

15. A collection of people living in an ordered community and have mutual interests

16. The quality that is exhibited by a person who tells the truth at all time ..............

17. One attributes of a truthful person is

18. One factor which cause people to tell lies is

19. ..............is the way to balance the power between producers and consumers

20. An example of business society I know is.............

SUBJECTIVE

1. The final link in the distribution channel is the .......

2. In a private limited liability,profits are shared according to the number of ......... bought

3. A place where goods and services are purchased and sold regularly is called.......

4. Another name for one man business is .......

5. A type of cooperative society I know is ........

Part 3: THEORY ,Answer only two questions

1. Who is a consumer?

b. Write out any two benefits of consumer education.

C. Define sole proprietorship.

d. Write out any two advantages of sole proprietorship.

2. Define partnership?

b. Write on the three advantages of partnership.

C. What is a limited liability company

d. Write out any two advantages.

3. Define assets and liabilities.

b. What is society?

c. State three importance of consumer education.

Leave a Reply

Your email address will not be published. Required fields are marked *