Question 1The room where a roadside mechanic stays to prepare customers bill is referred to asA.officeB.bills roomC.cash officeD.receptionE.workshopObjective Show full explanation
Question 2In a small office, the owner of the business can do the following exceptA.employ someone to assist himB.equip the business with so many office aidsC.fix the salary of staffsD.grant employees opportunity to further careerE.watch over his businessObjective Show full explanation
Question 3Which of the following is a small office?A.Commercial bankB.Cement factoryC.Departmental storeD.Patent Medicine storeE.The central bankObjective Show full explanation
Question 4A good office layout requires the following except ________.A.easy movement of peopleB.economy of floor spaceC.Light and ventilationD.Spaced for work flowE.qualified personnelObjective Show full explanation
Question 5The department that handles industrial disputes in an organization is departmentA.administrativeB.legalC.personnelD.productionE.purchasingObjective Show full explanation
Question 6A receptionist performs the following duties except _______.A.acting as a telephonistB.directing visitors to appropriate officesC.making visitors feel comfortableD.solving the problems of visitorsE.typing documentsObjective Show full explanation
Question 7lf a visitor proves difficult a receptionist shouldA.ask for his reason(s) for misbehavingB.call the securityC.invite the director general D.order him out of the officeE.report to the commissioner of policeObjective Show full explanation
Question 8A document which contains pictorial representation of good for sale and their prices is calledA.catalogueB.customer's orderC.invoiceD.price listE.quotaObjective Show full explanation
Question 9A system of filing whereby all correspondence is filed according to state or town or origin is called __________ filling.A.alphabeticalB.centralC.chronologicalD.geographicalE.lateralObjective Show full explanation
Question 10The format above is an example of an/aA.appointment listB.request formC.telephone message padD.visitors’ listE.visitors’ registerObjective Show full explanation
Question 11To settle bills involving small amounts, ..... will be convenientA.cashB.chequeC.credit cardD.money orderE.postal orderObjective Show full explanation
Question 12A cheque presented after six months of issuance is a ______ chequeA.crossedB.mutilatedC.post-datedD.pre-datedE.staleObjective Show full explanation
Question 13In business transaction, we make use of _____ even though it is not a legal tenderA.chequeB.coinC.currencyD.koboE.nairaObjective Show full explanation
Question 14 Bank draft is a cheque drawn by a bank on ___A.another bankB.customerC.itselfD.payeeE.the managerObjective Show full explanation
Question 15_______ is designed to assist a secretary in an organization to request for stationary for useA.bin cardB.goods recieved noteC.purchase requisition formD.request formE.store requisition formObjective Show full explanation
Question 16A machine used to reproduce copies of a letter typed on a stencil is a _______ machine.A.duplicatingB.frankingC.guillotineD.photocopyingE.typwritingObjective Show full explanation
Question 17Which of the following names should come first in an alphabetical filing?A.GOB.G.PC.G.UD.K.OE.M.AObjective Show full explanation
Question 18A book where all money coming into an organization are recorded is calledA.cash bookB.income bookC.monies registerD.registerE.remittance bookObjective Show full explanation
Question 19For total efficiency of workers, which of the following conditions is not a necessary pre-requisite?A.Adequate lightingB.Clean environmentC.Reasonable working spaceD.ventilated officeE.Yearly office renovationObjective Show full explanation
Question 20When a clerk is processing information, she should ignore which of the following rules?A.Ask her boss where to fileB.Collate the dataC.Examine the informationD.Sort out the informationE.Write the information downObjective Show full explanation
Question 21The process of converting raw materials into finished goods is called _________ productionA.directB.indirectC.primaryD.secondaryE.tertiaryObjective Show full explanation
Question 22The reward of land as a factor of production isA.interestB.profitC.rentD.salariesE.wagesObjective Show full explanation
Question 23An enterprise formed and owned by government to provide essential services is calledA.cooperative societyB.government departmental enterpriseC.limited liabilityD.partnership businessE.public corporationObjective Show full explanation
Question 24Which of the following is not one of the aids to trade ? A.AdvertisingB.BankingC.InsuranceD.MiningE.WarehousingObjective Show full explanation
Question 25Which of the following is not an advantage of hawking ? ItA.is a form of advertisingB.offer low prices of products soldC.provides door-to-door service to consumersD.provides opportunity to self employmentE.requires a large amount of capitalObjective Show full explanation
Question 26The following are large scale retail outlet except _______.A.chain storesB.hypermarketsC.mobile shopsD.supermarketsE.variety storesObjective Show full explanation
Question 27Home trade is a branch of commerce which comprises of _______.A.internal and external tradeB.retailing and manufacturingC.wholesaling and retailingD.wholesaling and manufaturingE.trade and aids to tradeObjective Show full explanation
Question 28Overdraft can be allowed on _______ account.A.currentB.depositC.loanD.savingsE.travellersObjective Show full explanation
Question 29The document used for withdrawal of cash from a current account isA.chequeB.debit cardC.deposit slipD.pass bookE.withdrawal slipObjective Show full explanation
Question 30The highest financial institution in Nigeria is called bankA.centralB.commercialC.developmentD.merchantE.mortgageObjective Show full explanation
Question 31The sum of money paid by the insured to the insurance company is calledA.commissionB.discountC.dividendD.interestE.premiumObjective Show full explanation
Question 32When loss occurs, the insurance comppany pays theA.agentB.brokerC.insuredD.insurerE.speculatorObjective Show full explanation
Question 33The following are types of insurance except _____.A.burglaryB.marineC.fireD.indemnityE.fidelityObjective Show full explanation
Question 34The most popular form of advertisment is _______.A.magazineB.newspapersC.postersD.radioE.televisionObjective Show full explanation
Question 35Which of the following advertising media is suitable for demonstrating the use of omo detergent?A.JournalB.MagazineC.NewspaperD.RadioE.TelevisionObjective Show full explanation
Question 36The best means of transporting liquid and gas is by _____ .A.airB.pipelineC.railD.roadE.waterObjective Show full explanation
Question 37The fastest means of transporting people from Sokoto to Lagos is by ______.A.airB.pipelineC.railD.roadE.waterObjective Show full explanation
Question 38The cheapest means of transportation is by ______.A.airB.pipelineC.railD.roadE.waterObjective Show full explanation
Question 39Which of the following is not a GSM service provider in Nigeria ?A.AirtelB.EtisalatC.GlobacomD.NokiaE.MtnObjective Show full explanation
Question 40The part of profit distributed to the shareholders is known asA.capitalB.cashC.dividendD.interestE.rentObjective Show full explanation
Question 41An invoice contains the following exceptA.an appropriate name and addressesB.a reference to the customers’ order numberC.a description of goods, their unit price and total amount dueD.driver's name and numberE.terms of paymentObjective Show full explanation
Question 42A document issued when cash transaction is made as an evidence is called _____.A.cashbookB.chequeC.credit noteD.draftE.recieptObjective Show full explanation
Question 43A document ordering the bank to pay a stated sum to a named person is _______.A.chequeB.credit noteC.debit noteD.draftE.recieptObjective Show full explanation
Question 44Double entry principle states that for every debit entry there must be a corresponding entryA.balanceB.creditC.debitD.doubleE.singleObjective Show full explanation
Question 45 A ledger account is divided into _______ partsA.2B.3C.4D.5E.6Objective Show full explanation
Question 46The following are classes of ledger except ledgerA.cashB.generalC.nominalD.personalE.purchasesObjective Show full explanation
Question 47A book where details of all credit sales are entered is calledA.cashbookB.purchase day bookC.returned outwards bookD.returned inwards bookE.sales day bookObjective Show full explanation
Question 48Which of the following ledgers contains the accounts of losses and gains?A.CreditorsB.NominalC.PrivateD.SaleE.TotalObjective Show full explanation
Question 49A transaction where the transfer of ownership takes place before payment to the supplier is transactionA.cashB.creditC.debitD.doubleE.journalObjective Show full explanation
Question 50lf a buyer pays immediately for goods bought, it is a/ an ..... transactionA.cashB.creditC.doubleD.immediateE.pettyObjective Show full explanation